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Replacing Damaged Saudi Banknotes

No: 42015322 Date(g): 27/10/2020 | Date(h): 11/3/1442

Translated Document

Further to the instructions of SAMA communicated under Circular No. 34734, dated 10/7/1432 H regarding exchanging damaged banknotes from beneficiaries (torn, burned, eroded, incomplete edges or parts, or any of the main features missing due to dirt, adhesive materials, or inappropriate inscriptions, ...).

And based on SAMA's commitment to providing intact banknotes and suitable for circulation, SAMA affirms the acceptance and exchange of various currency denominations after verifying their authenticity with the adoption of the specific mechanism for accepting and compensating damaged currency presented by the public.

1The replaced banknote must be clearly visible and its area shall not be less than 60% of the size of the original banknote.
2The two signatures (Minister of Finance and Governor of SAMA) or the two serial numbers must not be missing.
3If the banknote is not clearly visible due to exposure to fire or other natural factors such as corrosion, the holder must present it to one of the branches of SAMA

For your information and action accordingly, and to emphasize to all bank branches, cash centers to circulate intact banknotes and withdraw damaged and invalid cash from circulation, and to coordinate with SAMA's branches to supply it.