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Saudi Arabia issues new SAR20 note to mark G20 Presidency

Saudi Arabia issues new SAR20 note to mark G20 Presidency

The new banknote will be put into circulation on October 25, 2020, as an official legal banknote

The Saudi Arabian Monetary Authority (SAMA) has launched a new SAR20 banknote, to mark the occasion of Saudi presidency of the G20 summit.

The twenty-riyal banknote will be put into circulation today, October 25, 2020, as an official legal banknote.

The banknote was printed in line with technical specifications, high-quality security features, and a distinctive design in purple color with decorations inspired by the G20 logo, SAMA confirmed.

The new note carries the picture of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the front side with a slogan of Saudi Presidency in 3D design. Meanwhile, the back carries a map of the world, depicting the G20 countries in a different color.

The G20 summit will now be held “virtually,” gathering leaders of the world’s most powerful nations together.

Read: G20 leaders’ summit, set for Riyadh, to now be held ‘virtually’

G20 members represent around 80 per cent of the world’s economic output, two-thirds of global population and three-quarters of international trade, according to its website.

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