Saudi Arabia to replace 1-riyal note with 2-riyal coin

According to ArabNews.com the Saudi Arabian Monetary Agency has announced that the 1-riyal banknote won't be printed again and will be replaced with a 2-riyal coin.

"The report said SR1 and SR2 coins will be ideal for buying soft drinks and other small items and services, including parking meters. Additionally, the aim is to ensure 80 percent of the public use electronic means to buy goods. Currently 84 percent prefer cash."


Steven Thursday 02 June 2016 at 9:27 pm | | news
Used tags:
These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Del.icio.us
  • Digg
  • Google
  • Reddit
  • StumbleUpon
  • Twitter

No comments

(optional field)
(optional field)
To prove you're not a robot, answer this simple question.

Comment moderation is enabled on this site. This means that your comment will not be visible until it has been approved by an editor.

Remember personal info?
Small print: All html tags except <b> and <i> will be removed from your comment. You can make links by just typing the url or mail-address.
« China - 100 yuan | Home | India - 2,000 rupees »