Saudi Arabia: 25-Year Prison Term and 500,000 Riyal Fine for Currency Counterfeiting

Saudi Arabia’s Public Prosecution has announced severe penalties for individuals involved in counterfeiting or imitating currency.

According to the Criminal Law on Counterfeiting and Imitation of Money, offenders could face up to 25 years in prison or fines of up to 500,000 riyals.

This law aims to preserve the integrity of the nation's currency and protect the financial interests of the public.

It criminalises the counterfeiting or imitation of both domestic and foreign currencies, as well as the unauthorised possession or use of counterfeiting equipment and materials.

Violators face a minimum prison sentence of five years and fines starting at 30,000 riyals.
The Public Prosecution stresses that these measures are crucial for maintaining sound currency circulation and defending both domestic and international cash reserves from counterfeiting threats.

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