Article 2: Purpose
Art. 2Status unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
The objective of these Rules is to: a. set a regulatory and supervisory framework for conducting Money Changing Business; b. determine the permissible activities for Money Changers; c. expand the spread of Money Changing Business, facilitate its provision, and enhance financial inclusion; d. stimulate innovation, competition and the use of technology in money changing services; and e. protect the rights of Customers.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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