According to a press release dated 24 November 2020, the new Saudi Central Bank Law changes the name of the Saudi Arabian Monetary Authority to the Saudi Central Bank which will continue to use the acronym “SAMA” due to its historic significance and relevance locally and globally. The banknotes and coins of all denominations bearing the name of the Saudi Arabian Monetary Authority will remain in circulation and keep their status as legal tender. It is unclear if the change in the name of the issuer will result in revised banknotes.
Courtesy of Musaab Ibrahim and Cristian Bold.