Article 20 of the Saudi Central Bank Law

This article regulates the Central Bank's external and financial relations. The Bank, as the nature of its work requires and to achieve its objectives and perform its tasks, may do the following:

1. Policy agreements: enter into bilateral or collective agreements on monetary, regulatory or supervisory policies, in accordance with the lawful procedures.
2. Agreements with counterparts: conclude agreements with other central banks, similar foreign regulatory and supervisory bodies, or international institutions, organizations and councils related to its work, in accordance with the lawful procedures.
3. Supervisory cooperation: cooperate and coordinate with counterpart foreign bodies to exchange information, or for supervisory and oversight visits relating to financial institutions.
4. Operations and accounts: carry out monetary and financial operations, and open accounts with other central banks and local, foreign, regional and international monetary and financial institutions.

Note that items 1 and 2 are expressly restricted by the lawful procedures. Item 3 relates to financial institutions, which under Article 1 are any person subject to the Bank's supervision, oversight and regulation; the Bank may exchange information or have supervisory visits with its foreign counterparts about these institutions.

It is preceded by Article 19, which sets out what the Bank does on behalf of the government at the request of the Minister of Finance. It is followed by Article 21, which sets what the Bank is concerned with in its contact with foreign supervisory bodies and international organizations, such as developing relations, coordinating visits and following reports.