mt961013 (mt961013) wrote,

Saudi Monetary

The Saudi Riyals collection. Come Zulkaedah people going for Haji will start getting this money for their uses. The bills will be used in Madinah, Jeddah and Makkah.

In 1953, the Saudi Arabian Monetary Agency (SAMA) began issuing Haj Pilgrim Receipts for 10 riyals,[1] with 1 and 5 riyals following in 1954 and 1956, respectively. These resembled banknotes and were initially intended for use by pilgrims who exchanged foreign currency for them. However, they became widely accepted in Saudi Arabia and largely replaced silver riyal coins in major financial transactions. Consequently, the Monetary Agency began issuing regular banknotes for 1, 5, 10, 50 and 100 riyal in 1961, with the Pilgrim Receipts being demonetized in 1964.

500 Riyal notes were introduced in 1983. 20 and 200 riyal banknotes were issued in 2000 to commemorate the centenary of the founding of what became the Kingdom of Saudi Arabia.

SAMA has announced that a new series of banknotes bearing the face of King Abdullah will be issued starting in April, 2007.

The Saudi Monetary 100, 50, 5 and 1 riyal

The Saudi Monetary - 100, 50, 5 and 1 riyal
The 100 Riyal  (2009)
The  50 Riyal  (2009)
The 5 Riyal (2009)
The 5 Riyal 
The 1 Riyal 

Source: Saudi riyal
Tags: money, riyal, saudi

  • Post a new comment


    Anonymous comments are disabled in this journal

    default userpic

    Your IP address will be recorded