Saudi Central Bank Functions

28-October-2024

Saudi Central BankSaudi Central BankAbout

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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.

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