Then there's the new Saudi Arabia 20 Riyals note. It is a commemorative note for hosting the G20 Summit in 2020 - well sort of. COVID! The Summit did occur virtually. The real story is the big diplomatic blunder. I quote:
The summit was to be held in Riyadh until COVID-19 caused a change in format. The Saudi Arabian Monetary Authority, the kingdom's central bank, released a 20-riyal commemorative note for it on Oct. 24 that immediately created a diplomatic incident with India. The world map highlighting the G20 countries on the note's back depicted the disputed Indian-controlled Muslim majority state of Jammu and Kashmir with its own borders, and not as part of India.
The reaction from India was swift, demanding that the error be corrected and even threatening nonparticipation of Indian Prime Minister Narendra Modi at the summit.
Although the disputed bank note was still featured on the central bank's website as of Nov. 21, multiple news sources indicate that the Saudis are succumbing to the pressure, and possibly creating a desirable collectible in the process. Sources told news outlets, including the Defence Aviation Post and World is One News, an Indian English language news-based pay television channel, that Saudi Arabia is taking action. Reports are that the note will be withdrawn soon and that it will not circulate.
I bought the note to present on the IBNS Bank Note of the Year at my local club meeting. It lost to Mexico 100 Pesos. It should make a nice limited release in years ahead.


