RIYADH: New Saudi banknotes and coins to commemorate the era of Custodian of the Two Holy Mosques King Salman were officially launched here Tuesday night.
Livestreaming of the launch of the new currency by the Riyadh-based Saudi Arabian Monetary Authority (SAMA) marked the formal release of the sixth issue of Saudi legal tenders.
The new banknotes are identical in size to the old notes, so they will still work accurately with existing money sticks in the Saudi banks and financial institutions, as well as in ATMs.
However, they incorporate security print features that are less prone to forgery.
The sixth issue of banknotes and coins has been released under the motto: “Confidence and security.”
Ahmed Ziauddin, a senior executive of Bank Al-Jazirah, said: “The vibrant colors and improved quality will result in better and more accurate handling and less soiling on the new banknotes.”
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Saudi Arabia launches new banknotes
Saudi Arabia launches new banknotes
Saudi foreign minister and Palestinian prime minister discuss Gaza in Davos
- Prince Faisal bin Farhan and Mohammed Mustafa hold talks while attending the World Economic Forum’s Annual Meeting
LONDON: Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, and the Palestinian prime minister, Mohammed Mustafa, on Tuesday discussed the latest developments in Gaza.
During their meeting, which took place at the annual gathering of the World Economic Forum in Davos, Switzerland, they also reviewed bilateral relations and cooperation, the Saudi Press Agency reported.
Other Saudi officials present at the meeting included the Kingdom’s ambassador to Switzerland, Abdulrahman Al-Dawood; the director general of the Office of the Minister of Foreign Affairs, Waleed Al-Ismail; and Mohammed Alyahya, an advisor to the foreign minister.
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