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1 Arabian Pound

Issuer Arabian National Bank of Hedjaz
Year 1924
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Value 1 Arabian Pound
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Reverse lettering البنك الاهلي الحجازي العربي
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Protection description Blank watermark panel visible on left side of obverse and right side of reverse
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The Arabian National Bank of Hedjaz was a short-lived institution, operational only briefly in the early 1920s under the Hashemite Kingdom of Hejaz before Ibn Saud's conquest swept the region into what would become Saudi Arabia. This note is among the earliest paper currency issues from the Arabian Peninsula — a region where paper money was viewed with deep suspicion and largely rejected in favour of silver Maria Theresa thalers and Ottoman coins already in circulation.

Local printing in Jeddah meant crude production by international standards. The watermark security feature was modest, and uptake was poor enough that the series effectively failed before political circumstances made the question moot. Ibn Saud abolished the bank after capturing Hejaz in 1925.

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