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RIYADH - The Saudi Arabian Monetary Agency (SAMA) released on Tuesday evening new designs of Saudi banknotes and coins, the Saudi Press Agency reported.
The releasing ceremony was held in the presence of Ibrahim Al-Assaf, minister of state and member of the Cabinet, and SAMA Governor Ahmed Al-Khulaifi.
Speaking on the occasion, Al-Khulaifi said that the newly released coins and banknotes will be available at all branches of SAMA from Dec. 26.
SAMA has introduced SR2 in the form of coins.
The 6th issue of banknotes and coins for the era of Custodian of the Two Holy Mosques King Salman have the motto “Confidence and Security.” The new designs of the banknotes and coins carry the strongest security marks.
The new Saudi Arabian currency notes have added security lines and new features that make forgery difficult.
The 5th issue of Saudi banknotes was released in the era of the late King Abdullah. The SR100 and SR50 denomination notes were released on May 20, 2007, followed by the release of SR10 and SR5 notes on July 16, 2007. The SR500 and SR1 denominations were released on Sept. 16, 2007 and Dec. 30, 2007 respectively.
