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FINANCIAL NEWS
Saudi SAMA issues USD266m-worth new Riyals
24 Jul 2014
(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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