Saudi Arabia announces its first 5-riyal banknote – RS News

Saudi Arabia announces its first 5-riyal banknote

polymer

It has been announced by the Saudi Arabian Monetary Authority (SAMA) that a new polymer currency in the five riyal denomination will be circulated from 5th October.

According to the detail, during the era of Custodian of the Two Holy Mosques King Salman, the issue of polymer notes on Article 4 of the Saudi Monetary Law issued by an earlier royal decree.

According to the statement by the central bank, the design and colors of the polymer banknotes are comparable to the cotton five-riyal paper notes presently in circulation.

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For the new denomination, the difference is in technical specifications and security features.

The new denomination will go along the five-riyal and the remaining of the sixth issue of paper notes. They are already in circulation as legal tender.

As per the modern standards in the polymer currency printing field, the new five-riyal denomination was printed. The note claims to have different technical specifications and high-quality security features.

There are pictures of Saudi Arabia’s King Salman in its front design. Along with the shape of the transparent window that has designs inspired by the logo of Saudi Vision 2030.

The opposite reverse side of the note has a wildflower view of the Kingdom and the shape of the transparent window that has motifs inspired by the logo of the Vision 2030.

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