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6876/BC/213

No: 6876/BC/213 Date(g): 6/1/1990 | Date(h): 9/6/1410

Effective from 1990-01-06 - Jan 05 1990
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Reference our circular No. 15361/BC/307 dated 19-11-1405 H (5-8-1985A.D) regarding the samples of bill of exchange and promissory notes prepared by the Ministry of Commerce for guidance.

The Ministry of Commerce has noticed that the bills of exchange and promissory notes used by banks do not fulfill the conditions stated in the Commercial Papers Law, and, as a result, the banks are loosing cases connected with such Commercial Papers. The Ministry, therefore, has prepared two forms for bills of exchange and promissory notes and recommended their use.

We attach herewith copy of the bill of exchange and promissory note for guidance.