Saudi Central Bank – SAMA | Company Profile - Revenue, Headcount, Tech Stack, Contacts
The Saudi Central Bank (SAMA) is the central bank of the Kingdom of Saudi Arabia, established on April 19, 1952.
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The Saudi Central Bank (SAMA) is the central bank of the Kingdom of Saudi Arabia, established on April 19, 1952. Originally named the Saudi Arabian Monetary Authority, it was renamed in November 2020. SAMA is the second-oldest central bank in the Arab world and plays a vital role in stabilizing the Saudi currency and regulating monetary policy.
SAMA is responsible for issuing the national currency, the Saudi Riyal, which is fully backed by gold deposits. The bank supervises and regulates commercial banks and financial institutions, manages the Kingdom’s foreign reserves, and implements monetary policy to maintain currency stability. It also develops financial infrastructure and payment systems while providing advisory services to the government on economic and financial matters. By ensuring monetary stability and a secure banking environment, SAMA indirectly supports the Saudi public and businesses, contributing to the Kingdom’s economic development.
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