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Saudi Arabia Riyal Banknotes

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The information about Saudi Arabia.

Saudi Arabia is a country located in the west of Asia. The monstrous land area is 830,000 square miles, making Saudi Arabia the largest country in Western Asia and the 12th largest in the world. Saudi Arabia is the only country that has both the Red Sea and the Persian Gulf bordering. Riyadh is the capital and the largest city in Saudi Arabia. The official language of Saudi Arabia is Arabic.

The history of the Saudi Riyal Banknotes.

The Riyal currency had been used and traded in Saudi since 1925. Until the Kingdom of Saudi Arabia was established in 1932. Then, the bimetallic money system was utilized with British gold and silver Riyals.

In 1952, the Saudi Arabian Monetary Agency (SAMA) was founded. This led to the creation of the first Saudi Riyal (SAR) banknotes called Haj Pilgrim receipts. At first, these were considered receipts that will be used in foreign exchange transactions, but the Haj Pilgrim started getting more attention for use in larger transactions. These banknotes were available at 10 riyals notes, followed by 1 riyal and 5 riyals notes in 1954 and 1956.

As a result, on 15 June 1961, the SAMA’s official banknote currency included, making 1, 5, 10, 50, and 100 riyals notes.

In 1983, 500 riyals notes were added to the banknote denomination. As well as 20 riyals and 200 riyals notes in 2000 to honor the centenary of the Kingdom of Saudi Arabia.

On 20 May 2007, the fifth series of banknote denominations were introduced with the portrait of King Abdullah Bin Abdulaziz Al Saud on all paper notes except 500 riyals notes.

The sixth series of banknotes was issued on 26 December 2016. These banknotes were available at 5, 10, 50, 100, and 500 riyals notes. With the portrait of King Saman from 5 riyals to 100 riyals, and the portrait of King Abdulaziz Al Saud in the 500 riyals notes. Especially, the 5 riyals notes were printed on the polymer banknotes to prevent counterfeiting and a longer using span.

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Saudi Arabia Riyal Banknotes

The information about Saudi Arabia.

The history of the Saudi Riyal Banknotes.

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