Saudi Arabia will implement a landmark decision next Thursday

[yota691]

Saudi Arabia will implement a landmark decision next Thursday

Release date: 2018/5/23 22:44 • 367 times read

The 
Saudi Arabian Monetary Agency (SAMA) has announced that it will replace Riyal Metal as of Thursday, while trading in the paper will continue until it is withdrawn from trading according to a specific time plan.
 

According to the newspaper "Asharq Al-Awsat," Sama explained that it gave its sixth edition, which was devised during the reign of King Salman bin Abdul Aziz, great attention and care. 
The Authority explained that it has silenced the new currencies in accordance with the best technical and technical standards and designs that ensure their popularity and acceptance among traders in Saudi Arabia. 
The new version includes seven categories: the metal riyal, its multiples and halal parts, five halalat, 10 halalat, 25 halalah, 50 halalah, and real and real. 
The Monetary Agency pointed out that since announcing the launch of the sixth version of the currency has equipped the infrastructure of all its branches spread in Saudi Arabia, providing machinery to ensure the ease and smooth circulation of the currency and recycling.
The Authority explained that it has always urged all commercial banks to create the infrastructure to activate the circulation of the currency. 
She stressed that the coin is an integral part of the national currency is traded in addition to the paper currency, and that the refusal to circulation expose the violators of the penalties provided by the laws and regulations. 
The Board of Directors disclosed that the number of notes in the paper paper is 49%, and the average life expectancy of the currency is between 20 and 25 years, compared to 12 to 18 months, depending on the trading conditions. , And the metal aunt is easier in recycling, transport and preservation, as well as reduced health risks to the nature of the material made compared to the paper currency.

[blueskyline]

Thank You Yota . GM DV's . Very interesting