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Article 9

No: M/6 Date(g): 31/12/1959 | Date(h): 01/07/1379 Status: In-Force

The outstanding Saudi gold sovereigns shall be withdrawn from circulation and shall lose their legal tender status and their value as currency from the date of publication of these Regulations. Bearers of gold sovereigns may deliver them to the Saudi Central Bank within two months from the date of publication of this Decree against payment of 40 Saudi Riyals. After termination of the said period, the Saudi gold sovereigns shall become a commodity.