Riyadh – The Saudi Arabian Monetary Authority (SAMA) has launched the "Saudi Currency" smartphone application, coinciding with the 90th Saudi National Day.
The aim is to spread knowledge and awareness of the sixth issue of Saudi banknotes, issued during the reign of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.
The application, which is available on Android and iOS operating systems, helps in differentiating between authentic and fraudulent banknotes.
The application helps users to interactively review and identify the security features embedded in the authentic banknotes in a clear and accurate manner, as if it is a real banknote.
In addition, the application also provides general information on what to do in case someone encounters a counterfeit banknote, penalty of counterfeiting banknotes, controls for reproduction of the banknotes, penalty for distorting banknotes, and the compensation for damaged cash.
The "Saudi Currency" application also includes a number of features, including recognizing the design of the front and back of the banknote and the technical features of the sixth issue of Saudi banknotes in an interactive manner where users can experience the security features and their placement.
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