Saudi Central Bank Law

Release Date:	1442-04-11
Release Tool:	Royal Decree
Issuance Instrument Number:	m/36
Validity:	Valid
Date of last amendment:	1443-07-28
Summary:	By AI King Salman bin Abdulaziz issued a decree approving the Saudi Central Bank Law, which replaces the Saudi Arabian Monetary Authority. The law aims to achieve administrative and regulatory independence for the bank, focusing on maintaining monetary stability and supporting economic growth. The law defines the bank's powers in issuing currency, supervising financial institutions, managing monetary policy, and investing foreign currency reserves, in addition to developing national payment systems. ...

Release Date:

1442-04-11

Release Tool:

Royal Decree

Issuance Instrument Number:

m/36

Validity:

Valid

Date of last amendment:

1443-07-28

Summary:

By AI

King Salman bin Abdulaziz issued a decree approving the Saudi Central Bank Law, which replaces the Saudi Arabian Monetary Authority. The law aims to achieve administrative and regulatory independence for the bank, focusing on maintaining monetary stability and supporting economic growth. The law defines the bank's powers in issuing currency, supervising financial institutions, managing monetary policy, and investing foreign currency reserves, in addition to developing national payment systems. ...