Government | Tuesday 13 December, 2016 1:00 am |

The Saudi Arabian Monetary Agency (SAMA) will release on Tuesday evening new designs of Saudi banknotes and coins, SAMA announced on its website.

The 6th issue of banknotes and coins for the era of Custodian of the Two Holy Mosques King Salman will have the motto, “Trust and Security.”
The event will be streamed live on SAMA website (www.sama.gov.sa) at 8:00 p.m.

The new designs of the banknotes and coins carry the strongest security marks amid affirmations that the monetary authority does not intend to issue SR1,000 notes, a section of the Arabic press said quoting SAMA sources.

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.