Saudi Arabia 50 Riyals banknote 1961 Oil derrick

Saudi Arabia banknotes 50 Riyals note 1961 Oil derrick
Fifty Riyals Note: First Issue, circulated during the reign of King Saud.
Saudi Arabia money currency  50 Riyals banknote 1961
Saudi Arabia banknotes 50 Riyals note, AH1379 (1961) Saudi Arabian Monetary Agency. P-9a.

Obverse: A rectangle with a view of an oil derrick at work in desert setting at the centre. On the right and left sides there are two horseshoe shaped arches. On the right side, appear the water mark and the security thread. In the top frame is the name of SAMA. The number and date of the Royal Decree by virtue of which the note was issued and serial number are at the top of the rectangle. Below that is the value of the note in numbers and the undertaking by SAMA, signed by the Governor. At the bottom, on the right side, we see the signature of the Minister of Finance and the serial number too. In the lower frame, there is the value of the note in both words and numbers.
Reverse: A rectangle, with an arch in the middle. Inside the arch appears the Kingdom's emblem, with the name of the King Saud in whose reign the note was issued, the value of the note and the name of SAMA. On each side of the note we see the picture of a minaret.
Size: 170 × 78 mm.  Color: Reddish Brown.

Saudi Arabia banknotes - Saudi Arabia paper money
L. AH1379 - ND (1961) Issue

By the Regulations for Currency, stipulated under the Royal Decree No. (6), dated (1/71379 H.), the First Issue of Saudi banknotes was put in circulation on (1/1/1381H.) corresponding to (14/6/1961G), during the Reign of King Saud Bin Abdulaziz. This 1st Issue included the One Hundred, the Fifty, the Ten, the Five and the One Saudi Riyal denominations. This issue was withdrawn from circulation on (1/5/1391H.) corresponding to (24/6/1971G.).

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