The Saudi Arabian Monetary Agency on Saturday debunked reports circulating on social media suggesting that it has instructed local financial institutions to stop dealing in Qatari Riyals.

The Saudi Press Agency, SPA, reported the agency as saying it did not issue any instructions to financial and exchange institutions operating in the Kingdom, calling on them to suspend of dealing in Qatari Riyal since severing its relations with Qatar.

"Brotherly Qatari nationals can exchange Qatari riyals, as normal, in banks, licensed money exchanges, or via ATM machines," the agency said, according to SPA.