Item Code: 123/SA-15
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Year
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Issued: 21/06/1956 (13/11/1375 AH) - Withdrawn from circulation on 01/02/1965 (30/09/1384 AH)
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Obverse
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A
rectangle including the name of "the Monetary Authority" and the
security thread. In the middle appears a picture of the Khuzam Palace gate,
the value of the receipt in Arabic, Malawi, Urdu, Persian, Turkish and
English and the signatures of the Governor and Chairman of the Board of
Directors.
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Reverse
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A
rectangle with the value of the receipt in figures in its corners containing
within an undertaking in the Arabic, Turkish, Malawi, Urdu and Persian
Languages. At the bottom is the Kingdom's emblem.
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Size
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127 x 72 mm.
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As currency exchange throughout the world became more competitive, the
monetary options available to pilgrims increased. Pilgrim receipts, used like
travellers cheques, were purchased by pilgrims at banks in their home countries
and exchanged in Saudi Arabia for Saudi riyals. This meant that pilgrims were
no longer disadvantaged by poor exchange rates on their arrival in Saudi
Arabia.
About the Currency:
Khuzam Palace Gate
Jeddah 1963م
The name Khuzam is given to a wide area in Al-Nuzlah Alyamaniah Quarter in Jeddah. There are many old palaces in this area and the name was given after the name of late King Abdulaziz Palace. The construction process of the palace began in the year 1347H (1928G), and completed by 1351H (1932G) for King Abdul Aziz and was also the home for King Saud. The palace forms a model for the style of Jeddah buildings of the second half of 14th century H, with its big buildings, wide rooms, high ceilings, yards and beautiful gardens. The palace was where the first agreement to excavate for petrol in the kingdom was signed. The palace lies south of the old walled city and was constructed under the supervision of the engineer Mohammed bin Awad bin Laden.
After 1963, the palace was used as a royal guest house. Since 1995 it has been used as a regional heritage center in Jeddah, following renovations by the Museums Department. The magnificent Diwan has been converted into a museum of archaeology and ethnology.
Emblem of Saudi Arabia
The Saudi Arabian national emblem (Arabic: شعار السعودية) was adopted in 1950. According to the Saudi Basic Law, it consists of two crossed swords with a palm tree in the space above and between the blades.
The two swords represent the Kingdom of Hejaz and the Sultanate of Najd and its dependencies, which were united under Ibn Saud in 1926. The palm tree represents the Kingdom's assets which are defined as its people, heritage, history, and resources natural and non-natural. Thus, the palm is shown to be guarded by the two swords, which represent the force to be used in defence of the nation.
The Emblem appears on government documents, diplomatic missions, as well as several Saudi Arabian flags. It is emblazoned in gold on the flag of the Armed Forces of Saudi Arabia (which is also the Kingdom's war ensign), and on the lower hoist of the Royal Standard. The latter is essentially the national flag with the added Emblem in gold, which is placed in the lower part of the (left-facing) hoist and not in the canton as with other royal standards. The Emblem's lower position is in deference to the sacred nature of the Shahada, the Islamic creed.
History of Saudi Riyal
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Hejaz 20 Piastres
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The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh. However, although the Hejaz riyal was the same weight as the Ottoman 20 kuruş, it was minted in .917 fineness, compared to .830 fineness for the Ottoman coin. Thus, because the first Saudi riyal had the same specifications as the Hejaz riyal and circulated alongside Ottoman coins, it came to be worth 22 Ottoman kuruş and was consequently subdivided into 22 ghirsh when coins denominated in qirsh were issued from 1925. The system remained even though the riyal was subsequently debased to a coin equivalent, in silver content, to the Indian rupee in 1935.
In 1960, the system was changed to 20 qirsh to a riyal, which was followed in 1963 by the introduction of the halala, one hundredth of a riyal. Some Saudi coins still bear denominations in qirsh, but it is no longer commonly used.
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