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The 5th Issue of banknotes in KSA

1801 Views 9 Replies 6 Participants Last post by  Saudi Dunes
Pursuant to Article (4) of the Saudi Currency Law, issued under the Royal Decree No. (6) and dated 1/7/1379 H., the Saudi Arabian Monetary Agency (SAMA), is pleased to announce its intention to put in circulation the 5th Issue of the Saudi banknotes printed in the reign of the Custodian of The Two Holy Mosques, King Abdullah Bin Abdulaziz Al Saud. The new issue includes banknotes of the following denominations:

1. The Five Hundred Saudi Riyal Note.

2. The One Hundred Saudi Riyal Note.

3. The Fifty Saudi Riyal Note.

4. The Ten Saudi Riyal Note.

5. The Five Saudi Riyal Note.

6. The One Saudi Riyal Note.

As scheduled, the new issue will be put in circulation gradually, starting with both the One Hundred and Fifty Saudi Riyal denominations. Both denominations will be available at SAMA branches as of Monday 4/5/1428 H (21/5/2007 G), followed by both the Ten and Five Saudi Riyal denominations as of the beginning of Rajab 1428H (July 2007), followed by the Five Hundred denomination as of the beginning of Ramadan Al Mubarak 1428H (September 2007), followed by the One Riyal after Eid Al Adha Al Mubarak 1428 H (December 2007 G), and will be equally legally binding side by side with the other Saudi banknote denominations currently in circulation. The new issue is characterized by various technical specifications and security features implemented by the most modern techniques used in banknote printing industry.

استناداً إلى المادة الرابعة من نظام النقد السعودي الصادر بالمرسوم الملكي رقم 6 بتاريخ 1/7/1379هـ، يسر مؤسسة النقد العربي السعودي أن تعلن للجمهور الكريم عن عزمها طرح الإصدار الخامس من الأوراق النقدية في التداول، الذي طبع في عهد خادم الحرمين الشريفين الملك عبد الله بن عبد العزيز آل سعود، من الفئات النقدية التالية:

1- فئة الخمس مئة ريال.

2- فئة المئة ريال.

3- فئة الخمسون ريالاً.

4- فئة العشرة ريالات.

5- فئة الخمسة ريالات.

6- فئة الريال الواحد.

وسيطرح هذا الإصدار تدريجياً وفق جدول زمني محدد، حيث يتم البدء بطرح فئة المئة ريال، وفئة الخمسين ريالاً، وتكون هاتان الفئتان من الإصدار الجديد متوفرة في فروع المؤسسة إبتداءً من يوم الاثنين 4/5/1428هـ الموافق 21/5/2007م، ثم يتم طرح فئتي العشرة ريالات والخمسة ريالات في بداية شهر رجب عام 1428هـ ( يوليو 2007م)، يليها طرح فئة الخمس مئة في بداية شهر رمضان المبارك عام 1428هـ (سبتمبر2007م )، ثم فئة الريال الواحد بعد عيد الأضحى المبارك عام 1428هـ ( ديسمبر 2007م )، ويتم تداول هذه الفئات جنباً إلى جنب مع الأوراق النقدية المتداولة حالياً بجميع فئاتها بصفتها عملة رسمية. وتتميز الأوراق النقدية الجديدة من هذا الإصدار بالعديد من المواصفات الفنية والعلامات الأمنية التي أعدت وفق أحدث المواصفات في مجال طباعة العملة الورقية.

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are we going to change the banknotes every time we get a new king?
what a waste of money!
^^ I could be mistaken but under Fahd weren't there other kings on some of the notes? Or did his face dominate all the notes? Either way, I'm surprised to see Abdullah's face on all notes except the 500.

I agree, this is ridiculous...why do they need to have their faces on the notes when they become king? why a complete change everytime?
Fahad was on all the notes except 500, 200 and 20 who had Abdul Aziz Ibn Saud.... But now 200 and 20 notes r being removed from the market
yap it's waste of money & time,anyway all gulf currency will be one in 2010!!!
^^ can't wait to see all the countries get into a fight over whose leaders are going to be what notes....maybe they'll all disagree and decide to stick to their own currencies.. :lol:
maybe thy thinking of it why not:D
I'm not sure about the unified gulf currency. It seems more like a dream to me. But in general change is good.
If i'm not mistaken, I don't think the Saudi currency has undergone any extensive security upgrades in quite a long time. In addition, money is constantly being printed, to my understanding the only additionally incurred costs are those associated with the design, and I don't think thats going to dent SAMA's wallet.

I'n my opinion, the new currency looks better than what is currently in circulation. I like it!
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