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The Monetary Policy in the Kingdom of Saudi Arabia is one of the economic policies adopted by the Saudi Central Bank , aiming to achieve and consolidate financial stability and raise the level of economic growth by controlling the money supply through specific monetary tools. Establishment of the first monetary law in the Kingdom The Kingdom knew its first monetary law with the approval of the Founding King Abdulaziz Bin Abdulrahman Al Saud on the Hejazi-Najdi Monetary Law issued in January 192...

The Saudi Currency is the official currency adopted in the Kingdom of Saudi Arabia, abbreviated as the 'Saudi Riyal' to distinguish it from the currencies of other countries. Foreign exchange traders and central banks worldwide denote it as 'SAR'. The Kingdom coined its first currency issue in 1925, and the first currency denominations were quarter and half Qirsh. In 1935, the first currency bearing the name 'Kingdom of Saudi Arabia' was issued. During the reign of...