Riyadh: The Saudi Central Bank (SAMA) has introduced the draft Rules Regulating Cash Center Management and Operation for public consultation through the National Competitiveness Center's 'Istitlaa' platform. This initiative is aimed at ensuring monetary stability and supporting the financial sector's stability, along with fostering economic growth.
According to Saudi Press Agency, the move aligns with SAMA's role in supervising and regulating financial institutions, issuing relevant instructions, and managing cash-related activities. The draft rules are designed to establish a framework that defines the controls and standards for cash center management and operational activities.
Feedback and comments on the draft can be submitted within 15 days of the announcement for consideration and finalization. Interested parties can view the draft on the Public Consultation Platform 'Istitlaa' of the National Competitiveness Center.