Saudi Arabian Monetary Agency (SAMA) has issued updated rules for issuing reproduction permission to reproduce banknotes in the kingdom in a way that ensures they are well protected against forgery and counterfeit. Minister of finance Dr Ibrahim al-Assaf said the updated rules will replace previous ones in this regard. He added that it is possible to apply for obtaining reproduction permission to reproduce banknotes through SAMA internet site on www.sama.gov.sa http://www.sama.gov.sa. Following are the updated rules for issuing reproduction permission to reproduce banknotes in the kingdom: In accordance with the provisions of Articles (4) and (5) of the Penal Regulation for Forgery and Imitation of currency issued under Royal Decree No. 12 dated 20/7/1379H, concerning the approval of rules for issuing reproduction permission to reproduce banknotes in a way that ensures they are well protected against forgery and counterfeit, the Governor of the Saudi Arabian Monetary Agency (SAMA) approves the rules for reproduction of banknotes as follows: First: General Instructions - Any natural or legal person shall be prohibited from reproducing, copying, or using the images or design of any Saudi or foreign currency in circulation in the Kingdom for commercial, information or cultural purposes without obtaining a prior permission from SAMA. - The use of copies, reproduction or designs of Saudi or foreign currencies in circulation in the Kingdom in the form of posters, manufactured products, or three-dimensional objects; or in the form of packing for manufactured items or in form of money and the like shall definitely be prohibited. - Any person violating the instructions shall be punished pursuant to the provisions of the Penal Regulation for Forgery and Imitation of currency issued under Royal Decree No. 12 dated 20/7/1379 and in accordance with Anti Forgery Law issued under Royal Decree No. 114 dated 26/11/1380H. Second: Rules for reproducing a foreign currency in legal circulation inside the Kingdom of Saudi Arabia - For the reproduction of a foreign currency in legal circulation inside the Kingdom to be used in printed materials or electronic (digital) media, currency reproduction permission shall be obtained from SAMA. --more
