131000000241
| No: 400/BC/241 | Date(g): 13/4/1993 | Date(h): 21/10/1413 |
Effective from Apr 13 1993 - Apr 12 1993
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Saudi Central Bank has received the letter of HE the Minister of Finance & National Economy, No. 3/6132 dated 14-9-1413H stating that some banks are sometimes supplying the public with torn banknotes noticed by drawee only after receipt. HE requested us to notify banks to have such banknotes replaced by Saudi Central Bank rather than cashing them to the public, since this displeases the clients, causes their complaints and facilitates counterfeiting.
Please be informed and urge your people in charge to have all torn Saudi bank notes replaced by Saudi Central Bank, rather than supplying the public therewith. Please observe prior coordination with the Saudi Central Bank branch through which the replacement of large quantities is to be made.