King Salman approves Saudi Central Bank law and renames SAMA

King Salman approves Saudi Central Bank law and renames SAMA

King Salman has approved the Saudi Central Bank Law on Tuesday during a Cabinet session. The new law includes changing the name of the Saudi Arabian Monetary Authority (SAMA) to the Saudi Central Bank; with direct reporting to the King. The Saudi Central Bank will continue to enjoy financial and administrative independence. This approach comes...

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