We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 5 Apr 2007 11:13 AM

Font Size

- Aa +

Saudi switches to new money

Riyal notes in most denominations will be replaced next month with bills featuring King Abdullah.

Saudi Arabia is replacing its main bank notes with freshly designed bills featuring a portrait of King Abdullah.

Finance Minister Dr. Ibrahim Al-Assaf announced that the new notes will be introduced by the Central Bank gradually beginning next month.

The SR500 note will remain with a picture of Saudi Arabia's founder King Abdul Aziz, but the one, five, ten, fifty and one hundred riyal bills will all be changed.

Pictures of the new notes have not yet been issues, but central bank chief Hamad Al-Sayari said that they would feature cultural achievements, and will meet the latest international anti-counterfeiting measures.

Arabian Business: why we're going behind a paywall

Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.