New Saudi currency will go into circulation on Dec. 26

December 15, 2016

Riyadh, Dec 15: The Kingdom’s newly designed currency will go into circulation on Dec. 26 in denominations of SR500, SR100, SR50, SR10 and SR5 with coins of different values including SR2 and SR1.

currency

The new bills commemorating the era of Custodian of the Two Holy Mosques King Salman represent the sixth issue of Saudi banknotes and coins, which were launched on Tuesday night.

“The new banknotes and coins will be officially circulated by the Saudi Arabian Monetary Authority (SAMA) alongside existing banknotes and coins,” said Ahmed Alkholifey, SAMA governor, while speaking on the occasion of the release of the new legal tender on Tuesday.

Alkholifey said the issuance of the currency represents a bright picture of the economic development realized in different periods of the nation’s history.

The new bills have machine-readable security features to ensure the safety and authenticity of the currency and to safeguard it from forgery.

Alkholifey said that coins will gradually replace paper-based riyals because coin-based riyals have added advantages. In fact, “the life span of coins is estimated between 20 and 25 years compared to 12 to 18 months for paper banknotes based on conditions of their circulation,” said the SAMA chief.

The coin of SR1 has a silver picture of King Salman. On top of the coin, the Hijri year (1438) is written, while in the bottom the Gregorian year 2016 is written. The third coin of 50 halalas have also its value written in English and Arabic. The coin of 25 halalas, like other coins, the title of the king — Custodian of the Two Holy Mosques — is written with Arabic and English pointers for values.

The 10 halala coin has the Kingdom’s emblem above, and the title of Custodian of the Two Mosques is written in Arabic like other coins.

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News Network
May 1,2020

Dubai, May 1: Saudi Arabia has reported 1,344 new coronavirus cases in the last 24 hours, bringing the total number of infections in the country to 24,097, the Ministry of Health announced on Friday.

The ministry also announced 7 more deaths and 392 new recoveries, raising the total number of fatalities and recoveries to 169 and 3,55 respectively.

Out of the 1,344 new cases reported today, 282 were confirmed in Riyadh, 237 in Madinah, 207 in Makkah, 171 in Jubail and 124 in Jeddah in addition to 114 infections in Dammam.

Authorities continue to urge people to stay at home unless necessary despite having relaxed some restrictions and curfews at the start of Ramadan.

Citizens and residents are allowed to go out for necessary needs between 9 a.m. and 5 p.m. but must adhere to precautionary measures such as wearing a face mask and maintaining social distancing practices.

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Agencies
January 4,2020

Baghdad, Jan 4: At least five people were killed on Saturday by an airstrike on a vehicle convoy of Iraq's Shia Popular Mobilization Forces in northern Baghdad, a source in security forces told Sputnik.

Earlier in the day, the source told Sputnik about a powerful explosion in Baghdad's northern district of Taji.

"A vehicle convoy of the Popular Mobilization Forces has been attacked. According to preliminary data, five people have died. Their names have not been clarified so far," the source said.

On Friday, several senior members of the Popular Mobilization Forces, as well as commander of the elite Quds Force of Iran's Revolutionary Guard Corps Qasem Soleimani, were killed by a US drone attack near the Baghdad International Airport.

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Agencies
June 18,2020

Riyadh, Jun 18: Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia will resume tourist activities at the end of Shawwal (June 21) after a hiatus of more than three months due to lockdown measures imposed following the outbreak of coronavirus pandemic.

The minister made the remarks during a television interview after chairing the emergency meeting of the Arab Ministerial Council for Tourism on Wednesday. He said that the current indications are positive and that the Kingdom is ready to launch the summer program, which will be a boost for domestic tourism.

“It was revealed in a research study carried out by the Tourism Authority that 80 percent of Saudi citizens want to take advantage of domestic tourism. We will launch the domestic tourism program for the public after having made necessary coordination with the Ministry of Health and the concerned higher authorities,” he said.

Several Arab tourism ministers and officials of the relevant organizations attended the meeting, which discussed the challenges that the region’s tourism sector is facing due to the pandemic. Al-Khateeb pointed out that the Arab Ministerial Council for Tourism, headed by Saudi Arabia, held the virtual session in exceptional circumstances to discuss ways to get out of this pandemic and revitalize the tourism sector.

“Saudi Arabia has initiated a package of financial stimulus activities with a total value of more than $61 billion to protect jobs and businesses and reduce the economic burden of the crisis. The domestic tourism sector has benefited from it as one of the important economic sectors, as it covered 60 percent of salaries of Saudi employees in the private sector for a period of three months,” he added.

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