Saudi Arabia issues warning of counterfeit money

Published June 25th, 2001 - 02:00 GMT

The Saudi Arabian Monetary Authority (SAMA) recently required all commercial banks and money exchange agencies to take precautionary measures against the influx of counterfeit Saudi and American currency, reports Al-Sharq Al-Awsat daily.  


SAMA warned that organized crime groups take advantage of the pilgrimage and tourism seasons to bring counterfeit bills into the Kingdom.  


The Authority also put out a warning to Saudi tourists vacationing in Lebanon, Africa and states in southeastern Asia, to beware of the sale of counterfeit Saudi, Gulf and American bills. –(MENA Report)  

© 2001 Mena Report (

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