Since 1952 , the Saudi currency has been printed, minted, and issued at the Saudi Central Bank 'SAMA' (formerly the Saudi Arabian Monetary Agency). As per Saudi laws, this privilege is exclusive to the bank, and no one else may exercise this right. The Council of Ministers determines the denominations of coins and banknotes, their shapes, designs, engravings, dimensions, contents, and all matters related to their descriptions and expenses, as well as storage locations, molds, and sc...

1902 Before the Founding King Abdulaziz Bin Abdulrahman Al Saud regained Riyadh City , the barter system was prevalent for conducting trade exchanges. 1902-1922 In the early days of the unification of the Kingdom of Saudi Arabia, commercial transactions were conducted using foreign currencies made of gold, silver, bronze, and copper. 1922 The word 'Najd' was added to the commonly used currency at the time, making it the officially recognized currency of the Sultanate of Najd. 1925 The...