The Saudi Central Bank (SAMA) has launched the first version of its Open Data Platform, which includes economic, financial, and monetary statistics and indicators.
The move is part of SAMA’s commitment to providing specialists and stakeholders with accurate and up-to-date information by maintaining the highest standards of transparency and utilizing international best practices.
According to the statement, “The Open Data Platform provides a number of features, including displaying data, indicators, and charts directly on the platform. Further, it allows browsing detailed data in a tree data structure and choosing a group of data and indicators from several sectors onto one page.”
Additionally, the Open Data Platform allows users to download available data in a variety of formats, including Excel and CSV, as well as specifying the time period and periodicity of the data and indicators to be viewed or downloaded. In addition to the quick search feature, the platform offers time series for data and indicators.
SAMA said in a statement that it will continue to develop and improve the Open Data Platform’s services and features. The platform will get a Programming Interface Application. The users will also be able to request data. Furthermore, downloading data in XML format will be supported.
In September, SAMA extended its deferred payment program for micro, small, and medium companies (MSME) until December 31, 2021.
Earlier this year, SAMA launched the instant payment system (IPS) ‘Sarie‘ to promote national payments’ ecosystem. The Sarie system intends to facilitate cash transactions across the local banks, providing clients instant money transfer via a seamless process accessible 24×7.
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