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Chairman & Governor: H.E. Dr. Ahmed Bin Abdulkarim Al Kholifey
Saudi Arabian Monetary Agency
Country: Kingdom of Saudi Arabia
Establishment Date: 1952
Headquarters Address: Riyadh - Saudi Arabia
P.O. Box: 2992 Riyadh 11169
Tel.: (+966)-11-4633000
Fax: (+966)-11-4633703
Membership in the UAB: Non Member
Objectives & Functions
1. Issuing national currency, the Saudi Riyal.
2. Acting as a banker to the government.
3. Supervising commercial banks.
4. Managing the Kingdom`s foreign exchange reserves.
5. Controlling internal and external debt.
6. Conducting monetary policy for promoting price and exchange rate stability.
7. Promoting the growth and ensuring the soundness of the financial system.