EFTA Document EFTA01379419

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The Saudi Arabian Monetary Agency regulates exchange rate policy. and is also responsible for implementing monetary policy (http://www.sama.gov.sa). • SAMA has two policy rates, the official repo rate and the reverse repo rates. Banks can tender government T-bills to the repo in exchange for SAR funding. SAMA also uses changes in reserve requirements to tighten or loosen credit conditi