العمليات المالية لمراكز الصرافة في المملكة العربية السعودية

Abstract EN

Currency exchange centers are considered one of the financial institutions in Kingdom of Saudi Arabia, and it performs many financial operations related to individuals and societies.

The Saudi Central Bank (SAMA) has organized these operations by enacting regulations and laws, illustrating the financial operations that currency exchange centers are allowed to engage in, represented in the sale and purchase of foreign currencies and their circulation within Kingdom of Saudi Arabia, import and export currencies, and what the Saudi Central Bank (SAMA) determines from time to time of financial operations that have an interest in the individual and society.

The Saudi Central Bank (SAMA) has also prohibited currency exchange centers from a set of financial operations that are pertaining to other financial institutions, or require capital and high cash reserves, such as conducting business, opening bank accounts, issuing letters of guarantee, documentary credits, safe rentals, accepting deposits and trusts, and lending.

The Saudi Central Bank (SAMA) also monitors and follows up on the operations of currency exchange centers for the purpose of its integration and realization of the desired economic goals and objectives.

also, the Saudi Central Bank (SAMA) prohibits currency exchange centers from many financial operations, which are not commensurate with their abilities, capabilities and financial reserves.