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
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Dubai, Feb 24: Kuwait and Bahrain confirmed on Monday their first novel coronavirus cases, the countries' health ministries announced, adding all had come from Iran.

Kuwait reported three infections and Bahrain one in citizens who had returned home from the Islamic republic.

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Agencies
July 19,2020

Occupied Jerusalem, Jul 19: Israeli Prime Minister Benjamin Netanyahu’s corruption trial resumed on Sunday.

Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of scandals in which he is alleged to have received lavish gifts from billionaire friends and exchanged regulatory favors with media moguls for more agreeable coverage of himself and his family.

Netanyahu denies wrongdoing, painting the accusations as a media-orchestrated witchhunt pursued by a biased law enforcement system.

The trial opened in May. Just before appearing in front of the judges, Netanyahu took to a podium inside the courthouse and flanked by his party members bashed the country’s legal institutions in an angry tirade.

Netanyahu was not expected to appear at Sunday’s hearing, which is taking place at an occupied Jerusalem court and is mostly a procedural deliberation.

The trial resumes as Netanyahu faces widespread anger over his government’s handling of the coronavirus crisis.

While the country appeared to have tamped down a first wave of infections, what’s emerged as a hasty and erratic reopening sent infections soaring. Yet even amid the rise in new cases Netanyahu and his emergency government — formed with the goal of dealing with the crisis — appeared to neglect the numbers and moved forward with other policy priorities and its reopening plans.

It has since paused them and even re-impose restrictions, including a weekend only lockdown set to begin later this week.

Netanyahu’s government has been criticized for a baffling, halting response to the new wave, which has seen daily cases rise to nearly 2,000. It has been slammed for its handling of the economic fallout of the crisis.

His trial thus comes at inopportune timing. Netanyahu had hoped to ride on the goodwill he gained from overcoming the first wave of infections going into his corruption trial, but the increasingly souring mood has affected his approval rating and may deny him the public backing he had hoped for. The anger has sparked protests over the past few weeks that have culminated in violent clashes with police.

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News Network
March 24,2020

Mar 24: Saudi Arabia has recorded its first death from the coronavirus in a 51-year-old Afghani resident, Health Ministry spokesman Mohammed Abdelali told a televised news conference on Tuesday.

The man's health deteriorated quickly after reporting to a hospital emergency room in the city of Medina and he died on Monday night, Abdelali said.

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