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Saudi Arabian Monetary Agency (SAMA) recently announced that its new banknotes and coins will be available in its branches and to the public starting December 26, 2016. 

The processing of coins will be challenging to the banks and retailers especially that the SAR 1 banknote has been replaced with a SAR 1 coin, in addition to other coin denominations such as 1, 5, 10, 25, and 50 halalas as well as a SAR 2 coin.  In a recent report, there will be 300 million coins of different denominations that will be produced and expected to be in circulation in the Saudi market in the coming days.

ABANA has been in the forefront of providing banknote and coin counting and sorting machines and services to banks, retailers, and other organizations, who deals with bulk quantity of banknotes and coins. 

ABANA is in partnership with the world’s leading manufacturers of coin counting and sorting machines.  ABANA has a complete coin processing product portfolio that is designed for banks cash centers, branches, big retailers, and even small shops and restaurants.   The products includes a huge coin counting sorting machines that can process up to 4,900 coins per minutes, and a desktop machine for smaller quantity of coins to be processed.  ABANA also has coin deposit and coin wrapping machines in its portfolio.

For more information about its products and services, please send an email to [email protected].