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The Saudi riyal (Arabic: ريال سعودي riyāl suʿūdiyy) is the currency of Saudi Arabia. It is abbreviated as ر.س SAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas (Arabic: هللة Halalah). The currency is pegged to the US dollar at a constant rate of exchange.
The Saudi Central Bank (Arabic: البنك المركزي السعودي), previously known as the Saudi Arabian Monetary Authority (SAMA; Arabic: مؤسسة النقد العربي السعودي), established in 1952, is the central bank of the Kingdom of Saudi Arabia. After the name change in 2020, the Saudi Central Bank continued to use the ...
Jul 20, 2023 · The Saudi riyal (SAR) is the official currency of the Kingdom of Saudi Arabia. Pegged to the US dollar for over 30 years, the riyal is a stable and highly valued currency in the region. This article will provide an overview of the riyal, its history, denominations, exchange rate, and role in the Saudi economy.
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia and the Middle East. It covers the bulk of the Arabian Peninsula and has a land area of about 2 150 000 km 2 ( 830 000 sq mi), making it the fifth-largest country in Asia and the largest in the Middle East.
The economy of Saudi Arabia is the second-largest in the Middle East and the nineteenth-largest in the world. The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The Qatari riyal (sign: QR in Latin, ر.ق in Arabic; ISO code: QAR) is the currency of the State of Qatar. It is divided into 100 dirhams (Arabic: درهم).
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