Saudi Arabia launches new banknotes

The front and back sides of the new SR500 banknotes and the front side of the new coins released on Tuesday by the Saudi Arabia Monetary Authority (SAMA) are shown in this combination of still images taken from a video posted on YouTube by Kashif Nadeem.
Updated 14 December 2016

Saudi Arabia launches new banknotes

RIYADH: New Saudi banknotes and coins to commemorate the era of Custodian of the Two Holy Mosques King Salman were officially launched here Tuesday night.
Livestreaming of the launch of the new currency by the Riyadh-based Saudi Arabian Monetary Authority (SAMA) marked the formal release of the sixth issue of Saudi legal tenders.
The new banknotes are identical in size to the old notes, so they will still work accurately with existing money sticks in the Saudi banks and financial institutions, as well as in ATMs.
However, they incorporate security print features that are less prone to forgery.
The sixth issue of banknotes and coins has been released under the motto: “Confidence and security.”
Ahmed Ziauddin, a senior executive of Bank Al-Jazirah, said: “The vibrant colors and improved quality will result in better and more accurate handling and less soiling on the new banknotes.” 


Russia thanks Saudi king over OPEC+ role

Updated 24 min 8 sec ago

Russia thanks Saudi king over OPEC+ role

RIYADH: Russian President Vladimir Putin has thanked Saudi Arabia's King Salman for the "active and joint cooperation" in OPEC+.
Putin said Russia and Saudi Arabia are actively cooperating in the alliance of the world's largest oil exporters to ensure the stability of global energy markets, Saudi Press Agency reported on Wednesday.  
Putin’s remarks were made during a ceremony to receive the credentials of foreign ambassadors.
Putin also said that Russia's relations with the Kingdom are developing increasingly due to the agreements that came after his visit to Riyadh in October 2019.