Riyadh - The Ministry of Commerce has warned that it will take stern action against businesses that do not accept Saudi currency notes and coins under the guise of fighting the corona. Businesses should not refrain from accepting currency notes and coins under the guise of fighting the corona. Refusal to accept currency notes and coins is a violation of the rules and decisions relating to the sale. Penalties will be imposed for such violations.
It has been noticed that some businesses refuse to accept currency notes and coins in the name of preventing the spread of corona. Some businesses have put up notices and hung boards stating that they will not accept currency notes and coins.
Refusal to accept currency notes and coins affects the user's right to choose the most convenient payment method. Do not refuse to accept notes and coins. The Commerce Ministry said it would take disciplinary action against those who did so in accordance with the relevant laws and decisions.
The Saudi Arabian Monetary Authority, the central bank, had earlier written to the Ministry of Commerce noting that some businesses were refusing to accept notes and coins. The Ministry of Commerce also informed the Saudi Council of Chambers. The Saudi Council of Chambers also urged businesses and companies in the country to accept currency notes and coins. The Saudi Council of Chambers also warned that care should be taken to handle currency notes and coins in accordance with precautionary measures.
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