Rules Regulating Money Changing Business

Release Date:	1441-11-21
Release Tool:	Ministerial decision
Issuance Instrument Number:	4686
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The Minister of Finance issued a ministerial decision that cancels a paragraph from a previous decision regarding the profession of currency exchange and includes new rules to regulate currency exchange activities in the Kingdom of Saudi Arabia. Licensed currency exchangers must adjust their status according to these rules within one year from the date of their enforcement. The rules include definitions, licensing requirements, customer protection, and oversight of exchange centers, in addition ...

Release Date:

1441-11-21

Release Tool:

Ministerial decision

Issuance Instrument Number:

4686

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The Minister of Finance issued a ministerial decision that cancels a paragraph from a previous decision regarding the profession of currency exchange and includes new rules to regulate currency exchange activities in the Kingdom of Saudi Arabia. Licensed currency exchangers must adjust their status according to these rules within one year from the date of their enforcement. The rules include definitions, licensing requirements, customer protection, and oversight of exchange centers, in addition ...