Saudi Arabian Monetary Agency – SAMA
The Saudi Arabian Monetary Agency is the central bank of the Kingdom of Saudi Arabia and was established in 1952.
Functions:
- Issues national currency, the Saudi Riyal.
- Acts as a banker to the government.
- Supervises commercial banks.
- Manages Kingdom’s foreign exchange reserves.
- Conducts monetary policy for promoting price and exchange rate stability.
- Promotes the growth and ensures the soundness of the financial system.
Source: SAMA.gov
