Two Clean Crisp Uncirculated Consecutive 1977 Saudi Arabian King Khalid One Riyal Bank Notes In Perfect Condition.

Khalid bin Abdulaziz Al Saud (13 February 1913 – 13 June 1982) was King of Saudi Arabia from 1975 to 1982. His reign saw both huge developments in the country due to increase in oil revenues and significant events in the Middle East.

The Riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era.

The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh. In 1960, the system was changed to 20 qirsh to a riyal, which was followed in 1963 by the introduction of the halala, one hundredth of a riyal. Some Saudi coins still bear denominations in qirsh, but it is no longer commonly used.

In 1953, the Saudi Arabian Monetary Agency (SAMA) began issuing regular banknotes for 1, 5, 10, 50 and 100 riyals on 15 June 1961.

500 Riyal notes were introduced in 1983. 20 and 200 riyal banknotes were issued in 2000 to commemorate the centenary of the founding of what became the Kingdom of Saudi Arabia. The 5th series of banknotes bearing the face of King Abdullah were issued in 2007. The 6th series of banknotes bearing the face of King Salman bin Abdulaziz Al Saud were issued on 14/3/1438H (13/12/2016).