Catalog
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| Issuer | Kingdom of Saudi Arabia |
|---|---|
| Year | 1955 |
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| Value | Log in to see details |
| Currency | Riyal (1925-1960) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Arabic |
| Obverse lettering | ملك المملكة العربية السعودية سعود بن عبد العزيز آل سعود (Translation: King of the Kingdom of Saudi Arabia Sa'ud bin 'Abd al-'Aziz Al Sa'ud) |
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| Additional information |
Sa'ud bin Abdulaziz ascended to the throne in November 1953 following his father Ibn Saud's death, and this issue reflects the early years of a reign that would prove financially turbulent. Sa'ud's chronic overspending nearly bankrupted the kingdom by the early 1960s, forcing a transfer of executive power to Crown Prince Faisal in 1958. The high silver fineness — .917, matching British sterling standard — was a deliberate continuation of the monetary policy established under Ibn Saud to maintain credibility with Gulf trading partners skeptical of the nascent Saudi monetary system.