Saudi Arabia has become the first Arab country to manufacture and distribute plastic banknotes, Gulf News reports.
The Saudi Arabian Monetary Agency announced the launch of the SAR 5 banknote made of polymer, which started circulation yesterday.
The design and colours of the new note is similar to that of the same paper note made of cotton which is still currently in circulation.
There is a difference in the manufacturing techniques, technical specifications and security marks.
The initial quantities of the new note will trade alongside the SAR 5 denomination currently in circulation, and the remaining denominations of the sixth edition of banknotes in circulation, as official legal currency.
As confirmed by the Saudi Monetary Agency, the new plastic note is characterised by high-quality security marks, and has been printed according to the latest standards in in the field of polymer currency printing.
The Keesing Platform team brings you the latest in various fields, including security documents, security printing, banknotes, identity management, biometrics, blockchain, crypto technology and online onboarding.