The nisab for the zakah of wealth in Saudi currency

Question : Above ten thousand riyals, and I heard the severe warning regarding the one who withholds zakah, so please, may Allah bless you, guide me to what is closest to the nisab. What is the nisab at which zakah becomes obligatory, and what is the amount of zakah due from me? How do I begin paying the zakah? Do I start by paying it, or do I start by calculating the hawl, and then when the hawl is completed, I pay it out? Please clarify the value in Saudi currency.

Answer : Zakah is obligatory on wealth, even if a person has set it aside for his necessities. So if a person has wealth that he has set aside for marriage, zakah is obligatory on it; if he has set it aside to buy a house, zakah is obligatory on it; if he has set it aside to buy books, zakah is obligatory on it. This is contrary to what some of the common people think, that what a person sets aside for the necessities of his life has no zakah in it. This is a mistake. There is zakah on monetary wealth in all cases, but it is necessary that it reaches the nisab and that the hawl is completed upon it. So if a person owns ten thousand riyals, as in the question, but before the hawl is completed he spends it on marriage and pays the mahr, then there is no zakah on it, because one of the conditions for the obligation of zakah is what? The completion of the hawl. As for the nisab, it is fifty-six riyals of silver, or the equivalent in Saudi paper currency.
And when we say "or the equivalent," it varies according to the value of silver. The value of silver sometimes rises and sometimes falls. For example, the French silver riyal reached more than one hundred riyals. One riyal was more than one hundred. Now, in this year, the riyal is seventeen. The French paper currency dropped from one hundred to seventeen?
The Arab silver riyal is cheaper than the French one. I mean, it might be ten. I do not know its value; I did not ask about it, but it is equal to approximately ten. And the one who asks about it is the merchants, either the money changers, or the Monetary Authority, or the merchants who deal in silver. If they say that the silver riyal is equal to ten riyals of currency.
And the nisab of silver was fifty-six riyals, so what is the nisab of the currency? Five hundred and sixty. And if they say it is equal to five, what does it become? Two hundred and eighty, according to the price. And if they say it is equal to twenty, the nisab of the currency becomes one thousand and one hundred and twenty. The important thing is that it cannot be fixed, but link it to the value, link it to the silver, which is fifty-six riyals.