and the Act of monetary laws. The Central bank is concerned with the issuance of licenses to banks in two groupings; including Licensed Specialized Banks (which are responsible for savings and developmental functions) and Commercial banks.¹¹⁸ The major variation between the two categories of banks is that commercial banks are allowed to admit public deposits through the operation of current customer accounts and is also authorised to deal in foreign exchange. This entitles the bank to be involved in wide-ranges of foreign-exchange-transactions. These functions are not identified with specialised banks. The distinct variation with the Saudi Arabian corporate financial sector and the US