Saudi Arabian Monetary Authority Law

Release Date:	1377-05-23
Release Tool:	Royal Decree
Issuance Instrument Number:	23
Validity:	Cancelled
Date of last amendment:	1379-07-01
Summary:	By AI The text pertains to a royal decree that defines the tasks and powers of the Saudi Arabian Monetary Authority, aiming to issue and support the Saudi currency, monitor commercial banks, and regulate government disbursement activities. The functions of the authority include stabilizing the value of the currency, managing funds, minting and printing currency, and supervising banks. Commercial banks are required to maintain a permanent balance with the authority and provide accurate financial data. ...

Release Date:

1377-05-23

Release Tool:

Royal Decree

Issuance Instrument Number:

23

Validity:

Cancelled

Date of last amendment:

1379-07-01

Summary:

By AI

The text pertains to a royal decree that defines the tasks and powers of the Saudi Arabian Monetary Authority, aiming to issue and support the Saudi currency, monitor commercial banks, and regulate government disbursement activities. The functions of the authority include stabilizing the value of the currency, managing funds, minting and printing currency, and supervising banks. Commercial banks are required to maintain a permanent balance with the authority and provide accurate financial data. ...