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INSTRUCTIONS CONCERNING

COMPENSATION FOR TORN,

MUTILATED AND BURNT

BANKNOTES

INSTRUCTIONS CONCERNING COMPENSATION

FOR TORN,  MUTILATED AND BURNT BANKNOTES

1.  Compensation will be paid for tom, mutilated and burnt bank notes only if it is  
     established that the note presented is a Saudi banknote and no less than 315 
     of the size of the note still exists.

The compensation will be paid as follows:

a. If all the serial numbers and signatures are intact and complete, the value 
    of the banknote will be compensated in full.

b. If the bank note bears two signatures and one serial number, or
    one signature and two serial numbers, 75 percent of its value will be paid.

2.  No compensation will be paid if it is not established that the note presented is a 
     Saudi banknote, if less than 315 of the size of banknote is presented and if the 
     two signatures or the two serial numbers are missing.

3.  If a part of the banknote is burnt, instructions concerning torn or mutilated 
    notes will be applied on the remaining part and it will be compensated for
    accordingly.

4. Doubtful cases should to be submitted to SAMA's Head Office for consideration
    and decision

 

 
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