Saudi ATMs won’t accept new currency notes for six months

The new currency to mark the era of King Salman was first made available at the end of December



Saudi automated teller machines (ATMs) will not begin accepting the country’s new currency notes for at least another six months, according to reports.

Al-Eqtisadiah newspaper cited bank sources as saying reprogramming the machines to accept the currency would require several stages of work involving international firms.

These firms are expected to begin the process in the coming days, the sources said.

Work is also still underway at Saudi banks to allow the new currency notes to be deposited at ATMs.

The Saudi Arabian Monetary Authority first unveiled the new notes and coins to mark the era of King Salman in December and they were made available at the end of last month.

They notes new print features that make them harder to forge

Read: Video: Saudi unveils new currency

News of the notes not being accepted at ATMs was first reported earlier this month.

Read: Saudi ATMs refusing to accept new currency

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