Tuesday, August 21, 2018

May 24 18, 2:33 pm

PH Ambassador to the UAE arrives in Abu Dhabi

Ambassador Hjayceelyn Quintana, the newly-appointed Philippine Ambassador to the UAE, has arrived in Abu Dhabi and has already begun her tour of duty yesterday, August 20. She was welcomed by the entire staff of the Philippine Embassy upon her arrival at around 4:00...

Duterte sick, in coma claims not true, Palace says

Presidential spokesperson Harry Roque denied the allegations of Communist Party of the Philippines founding chairman Jose Maria “Joma” Sison that President Rodrigo Duterte is sick and has gone in coma. Roque said Duterte is “fine and well” and that the president will...

Emirates airlines passenger proposes to girlfriend on flight

A passenger from the Emirates Airlines decided to surprise his girlfriend by asking her to marry him while they were en route from Shanghai to Dubai. The airlines congratulated the couple and posted the video of the proposal on their social media which happened during...

Popeyes returns to the PH after a decade

American fast food chain Popeye is making a comeback to the Philippines after KUYA J Holdings Group, Inc acquired their exclusive master franchise deal. The brand first opened in the Philippines in 2001 and lasted until 2007 after encountering a problem with the...

Saudi to gradually replace Riyal notes with coins

by | News

Saudi Arabian Monetary Agency (SAMA) announced the gradual replacement of Riyal notes with coins in the country.

The agency said that they will be slowly withdrawing Riyal notes until they are no longer in circulation.

Authorities at SAMA said the move will be done for several reasons, including ease of recycling of coins compared to notes, longer life expectancy of coins, and greater resilience to counterfeiting, reported media company Xinhua, citing reports from local news site Sabq.

“The existence of the paper riyal in circulation caused the metal to not sell and its rejection by traders, which in turn led to the lack of care of the owners of shops to provide coins,” SAMA said in Arabic.

“The average life expectancy of a coin is estimated from 20-25 years, compared to the life expectancy of the paper currency, which is estimated between 12 months and 18 months depending on the conditions of circulation,” the agency added.

The replacement of notes with coins is in line with the Saudi government’s plan to promote business efficiency geared towards the country’s economic growth.

Measures taken by SAMA for the gradual replacement of Riyal notes with coins includes allocation of sorting and counting machines for easier money dealings.

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First batch of amnesty grantees to return to PH on Aug. 15

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The first batch of overseas Filipino workers who were granted amnesty by the UAE government is set to return to the Philippines tomorrow, August 15. A total of 98 Filipinos, including six minors, will be returning home via Philippine Airlines flight PR 659 at DXB...

PH Ambassador to the UAE arrives in Abu Dhabi

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Duterte sick, in coma claims not true, Palace says

Presidential spokesperson Harry Roque denied the allegations of Communist Party of the Philippines founding chairman Jose Maria “Joma” Sison that President Rodrigo Duterte is sick and has gone in coma. Roque said Duterte is “fine and well” and that the president will...

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Popeyes returns to the PH after a decade

American fast food chain Popeye is making a comeback to the Philippines after KUYA J Holdings Group, Inc acquired their exclusive master franchise deal. The brand first opened in the Philippines in 2001 and lasted until 2007 after encountering a problem with the...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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