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Saudi Arabia To Replace Currency Notes With Coins From Thursday

May 24, 2018 (DESPARDES/PKONWEB) — Saudi Arabia will officially start replacing SAR currency notes with coins from Thursday May 24, according to Sabq. The Saudi Arabian Monetary Authority (SAMA) had announced the move after Riyadh authorities issued the sixth generation of banknotes and coins in December 2016 to mark the era of the current monarch King Salman bin Abdulaziz Al Saud. A SAMA statement issued on Wednesday announced that SAR currency notes would be gradually phased out until they are no longer in circulation in the market. It said thatRead More