Catalog
1 Riyal
| Issuer | Saudi Arabian Monetary Agency |
|---|---|
| Year | 1956 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | مؤسسة النقد العربي السعودي یک ریال ایک ریال ریال واحد ساتو ریال BIR RIYAL ONE RIYAL ١٣٧٥ |
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| Reverse lettering | SAUDİ ARABİSTAN NAKİT MÜESSESESİ TEMAMEN DEVRİ KABİL İŞBU MAKBİUZ HAMİLİ EMRİNE AMADE OLARAK BİR RİYAL MAVZELERİNDE MUHAFAZA EDER |
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| Comments |
The 1956 Saudi Arabian Monetary Agency issue was among the first standardized paper currency produced for the kingdom following SAMA's establishment in 1952. De La Rue had secured the contract after the earlier Haj Pilgrim Receipts series — a stopgap mechanism that served foreign pilgrims unable to carry coin — demonstrated both demand for paper instruments and the political sensitivity surrounding their acceptance in a country where religious conservatives had opposed paper money outright.
Pick 2 is notably scarce in circulated grades because hoarding was widespread; public distrust meant many notes returned to savings rather than commerce. The series was withdrawn relatively quickly as oil revenues reshaped the currency system entirely.