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Saudi Central Bank Functions

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  • ​Acting as the government's bank and adviser on monetary, banking, and financial affairs.

  • Issuing and regulating the Saudi national currency (Saudi Riyal).

  •  Managing the monetary reserves. 

  • Formulating and conducting monetary policies.

  • Strengthening the Saudi currency and stabilizing its internal and external value.

  • Managing foreign currency reserves and regulating the currency exchange

  • Managing and regulating payment systems

  • Issuing regulations and directives related to financial institutions supervised by SAMA.

  • Overseeing and supervising banks, finance companies, payments systems and services, and credit information companies.

  •  Establishing, developing, and operating fintech platforms.

  •  Establishing necessary procedures for combating money laundering.

  •  Taking appropriate procedures and measures to prevent the commission of crimes associated with financial institutions.

  •  Taking appropriate procedures for Systemically Important Financial Institutions supervised by SAMA.

  •  Participating as a representative in regional and international organizations, authorities, forums, and conferences.

  •  Protecting consumers of financial institutions.