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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. [2]
Qatari riyal [16] QAR Qatar: ر.ق [17] Saudi riyal [18] SAR Saudi Arabia: SR [19] Yemeni rial [20] YER
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Currency ISO 4217 code Symbol or Abbrev. [2]Proportion of daily volume Change (2019–2022) April 2019 April 2022 U.S. dollar: USD $, US$ 88.3%: 88.5%: 0.2pp Euro
In 1932, the Kingdom of Hejaz and Nejd became Saudi Arabia, and in 1936 the riyal was debased so as to correspond in weight and fineness to the Indian rupee. Meanwhile, on 19 April 1931, Iraq , which had emerged as a British Mandate on the territory of Mesopotamia , adopted the Iraqi dinar at a 1:1 parity with the pound sterling, to replace the ...
The SS John Barry was carrying a cargo of 3 million American-minted Saudi one-riyal silver coins as an American payment associated with ARAMCO. The reason for this shipment (one of several during the war) was that Saudi Arabia did not use paper money at the time and this led to a war-time shortage of currency with which to pay workers building ...
After seeking advice and expert help from a number of friendly countries, primarily the US, the Saudi riyal was linked to the United States Dollar and apart from structural, regulatory, and procedural reforms within a revamped Ministry of Finance; a Central Bank under the name of the Saudi Arabian Monetary Agency (SAMA) was established during 1952.
King Salman ordered 1,000,000 Saudi riyal (US$266,000) be distributed as compensation to the families of those who died in the crane collapse, and that two relatives of each of the deceased are to be the King's guests for Hajj in 2016, adding that a further 1,000,000 riyal will be paid amongst the victims of the collapse who had sustained a ...