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  • 24-07-14

    Saudi SAMA issues USD266m-worth new Riyals

    (MENAFN) The Saudi Arabian Monetary Agency (SAMA) has issued new Saudi Riyal currencies worth USD266 million to cover the growing demand on Eid Al-Fitr, according to Arab News.

    An official at the agency said: "The newly issued currencies are currently available at SAMA's branch offices across the country."

    The new currencies are issued based on the Kingdom's assets and services.

    The official said: "A drop in the purchasing power of currency leads to monetary inflation and SAMA has taken this point into consideration."

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