SAMA seeks public input on draft rules for cash center operations

Logo of Saudi Central Bank (SAMA)

The Saudi Central Bank (SAMA) seeks public opinion on draft rules regulating cash center management and operations through the public consultation platform “Istitlaa” within 15 days.

The proposed rules aim to establish a regulatory framework for managing and operating cash centers in Saudi Arabia, set procedures and requirements for licensing the activity, as well as enhance security and operational compliance.

They also seek to ensure the continuous availability of fit-for-circulation cash and define minimum standards and procedures for operating cash centers.

The feedback will be reviewed after the deadline to finalize the regulations.

The central bank added that the project aligns with its objectives to maintain monetary stability, support financial sector stability and confidence, and promote economic growth. It also reflects its supervisory and regulatory role over financial institutions, including issuing related regulations and instructions and organizing all matters related to cash management and associated activities.