RIYADH: The Saudi Arabian Monetary Authority (SAMA) announced on Sundaythat a new polymer currency in the five riyal denomination will be incirculation from Monday, October 05.
The issue of polymer notes during the era of Custodian of the Two HolyMosques King Salman was based on Article 4 of the Saudi Monetary Law issuedby an earlier royal decree.
Both the designs and colors of the polymer banknotes are similar to thoseof the cotton five-riyal paper notes that are currently in circulation, thecentral bank said in a statementlink.
The difference is in technical specifications and security features for thenew denomination.
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SAMA said that the new denomination would go side by side with thefive-riyal, as well as the rest of the sixth issue of paper notes, whichare in circulation as legal tender.
