Issuance and regulation of currency (including minting, printing, issuance, circulation, withdrawal, demonetization, management, and protection) and other related activities, in accordance with the provisions of the Saudi Arabian Monetary Law.

Regulation and supervision of financial institutions in accordance with the relevant laws.​

Issuance of regulations and instructions related to financial institutions and their activities.

Formulation and management of monetary policy, and regulation of the foreign exchange market.

Management and investment of foreign exchange reserves.

Performing the functions of the government’s bank and advisor on monetary, banking, and financial affairs.

Establishment, development, and operation of national payment systems, settlement, and clearing infrastructure; issuance of rules, instructions, and licenses; and regulation and supervision of payment, settlement, and clearing systems within its scope of competence.

Establishment, development, and operation of fintech platforms; and issuance of rules, instructions, and licenses and regulation and supervision thereof within its scope of competence.

Issuance of instructions and measures that ensure the protection of customers of financial institutions.

Formulation and management of prudential policies, and implementation of measures and actions necessary for the functions of financial institutions. This also includes the adoption of measures necessary to help address domestic, regional, and global economic and financial disruptions and crises.

Implementation of appropriate measures and actions to curb crimes related to financial institutions.

Representation and participation, through its membership, in regional and international organizations, bodies, events, and conferences, in accordance with the prescribed procedures.

Cooperation and exchange of expertise with other central banks, peer authorities, regional and international organizations, and specialized expert institutions, inside and outside Saudi Arabia, within the scope of its competencies.

Setting professional tests and prerequisites related to financial institutions and their activities.

Preparation of research and studies, and publication of statistics, within the scope of its competencies.

Establishment of subsidiaries, contribution to the establishment of companies, and participation in companies that carry out activities related to the nature of its work, in accordance with the prescribed procedures.

Proposal of draft laws related to financial institutions and the financial sector, and amendments to existing laws, and their submission to complete the prescribed procedures. Coordination with SAMA also takes place in the preparation and proposal of draft laws, or amendments to existing laws, that may have implications for monetary conditions or financial sector stability.

Definition and interpretation of the terms and texts contained in the Law.