Saudi Arabia will quarantine banknotes and coins it receives from local and foreign sources for a period of 14 to 20 days as a precautionary measure to prevent the spread of the coronavirus, according to the Saudi Arabian Monetary Authority.
In a promotional video explaining the procedures, SAMA said: “We have taken precautionary measures to isolate and sterilise both paper and metal currencies, whether coming from inside or outside the Kingdom, by isolating them for a period of 14 days and up to 20 days, depending on where it has come from.
“Banknotes and coins will undergo a special treatment mechanism to ensure they are safe to use,” according to SAMA.
“Then they will be sorted by machines automatically in accordance with the authority’s stringent quality standards, with dirty or unfit notes destroyed immediately.”
SAMA said that the currencies would be placed in specific cages where sterilisation could be applied, in addition to sorting all banknotes to ensure their quality and cleanliness.
SAMA said it has directed financial institutions to take the necessary precautionary measures to ensure currencies are sanitary.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING
Moon Not Sighted, Sultan Says Ramadan Ends On Saturday
Sultan of Sokoto, Alhaji Sa’ad Abubakar, has confirmed that this year’s Ramadan will come to and end on Saturday, 23rd of May, as moon for the new month was not sighted. This is according to a press statement signed by Professor Sambo Wali Junaidu, Chairman Advisory Committee on Religious… Read full story
Lagos Finalises Register- To- Open Guidelines, Set To Restart Economy ― Sanwo-Olu
Lagos State government has set the process of re-opening its economy in motion, with the rollout of Register-to-Open guidelines, saying the 4-page guidelines were the major part of the measures initiated to achieve phased re-opening of the state economy… Read full story
Buhari’s Executive Order Gives Financial Autonomy To State Legislature, Judiciary
President Muhammadu Buhari on Friday signed an Executive Order granting financial autonomy to both legislative and judicial arms of states. It was tagged Executive Order No 10 of 2020 according to a statement by Dr Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations Office of the… Read full story
and then