The Saudi Central Bank (SAMA) has announced that it has licensed Travelex to buy, sell and trade foreign currencies within the Kingdom and to import and export currencies, bringing the total number of licensed money exchange centers in the Kingdom to (64).

The decision is part of SAMA's efforts to support and empower the money exchange sector, raising the efficiency and flexibility of financial transactions, enhancing financial inclusion in the Kingdom and extending financial services to all segments of society.

The Saudi Central Bank stresses the importance of dealing with financial institutions licensed or authorized by it,