Those who say: The paper riyal in use now has taken the place of the silver riyal. Is this statement correct?
Machine translationRead the Arabic original
Question:
Those who say that the paper riyal in use now has taken the place of the silver riyal. Is this statement correct, Shaykh Salih?
Answer:
Yes, some scholars have said this. They hold that the currency in any given time is whatever the ruler considers to be the currency. This does not depend on the Prophetic currency; rather, the currency in any time is whatever is used in transactions. This is according to the opinion of some scholars. However, the majority hold the opposite view, which is that the Prophetic currency is the standard.
Those who say that the paper riyal in use now has taken the place of the silver riyal. Is this statement correct, Shaykh Salih?
Answer:
Yes, some scholars have said this. They hold that the currency in any given time is whatever the ruler considers to be the currency. This does not depend on the Prophetic currency; rather, the currency in any time is whatever is used in transactions. This is according to the opinion of some scholars. However, the majority hold the opposite view, which is that the Prophetic currency is the standard.
Source
قناة «العلامة الدكتور صالح الفوزان»، الذين يقولون: أن ريال الورق المستعمل الآن نازل مكان الريال الفضة، هل هذا القول صحيح؟ صالح الفوزان — youtube.com
The Arabic text is a machine transcription of the audio recording.