Saudi king approves central bank name change.

M2 EQUITYBITES-November 25, 2020--Saudi king approves central bank name change

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Global Banking News - 25 November 2020

The king of Saudi Arabia has approved a name change for the nation's central bank.

According to Reuters, the Saudi Arabian Monetary Authority is to be renamed as Saudi Central Bank.

The name change better reflects the central bank's objectives and responsibilities, the authorities said.

The Saudi Central Bank will continue to use the acronym SAMA...

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