Overview

The Central Bank of Saudi Arabia, the central bank of the Kingdom of Saudi Arabia, was established in the year 1372 AH (1952 AD), the Banque Saudi Fransi. Doing the work of the government bank. Minting and printing the national currency (the Saudi riyal) and supporting the Saudi currency and consolidating and fixing its internal and external value, in addition to strengthening the currency cover. Managing the Kingdom's foreign exchange reserves. Managing monetary policy to maintain price stability and exchange rates. Encouraging the growth of the financial system and ensuring its soundness. Monitoring commercial banks and those engaged in currency exchange business. Monitoring cooperative insurance companies and insurance-related liberal professions companies. Monitoring finance companies. Monitor credit information companies.