On May 20, 2007, "the Saudi Arabian Monetary Agency, pursuant to article (4) of the Saudi Currency Law, issued under the Royal Decree No. (6) and dated 1/7/1379H."
The newly renamed Saudi Arabian Monetary Authority unveiled a new family of banknotes with the portrait of King Salman on banknotes from 5 to 100 riyals, with a portrait of King Abdulaziz Al Saud on the 500 riyals banknote [REF].