Word
SAMA
Phoneticssama
/ˈsɑmə/
Definition
n. Stands for Saudi Arabian Monetary Authority. It is the central bank of Saudi Arabia. It manages the country's money, banks, and economy.
n. Abbreviation for Saudi Arabian Monetary Authority. The central bank of the Kingdom of Saudi Arabia, formerly known as the Saudi Arabian Monetary Agency. It functions as the primary monetary authority, managing the national currency and supervising financial institutions.
Examples
“SAMA manages the country's foreign exchange reserves.”
“The local banks must follow the strict capital requirements set by SAMA to ensure financial stability.”
“As the kingdom's central bank, SAMA plays a pivotal role in implementing monetary policy and overseeing the digital transformation of the Saudi financial sector.”
Examples
simple
“SAMA manages the country's foreign exchange reserves.”
contextual
“The local banks must follow the strict capital requirements set by SAMA to ensure financial stability.”
complex
“As the kingdom's central bank, SAMA plays a pivotal role in implementing monetary policy and overseeing the digital transformation of the Saudi financial sector.”
Usage
Usually treated as a proper noun; often used without an article or with 'the' depending on the sentence structure.