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Saudi Arabian Riyal

The Saudi Riyal is significant because:

  • Oil-Backed Stability: Saudi Arabia is a leading oil exporter, and the Riyal is closely tied to the petroleum market.
  • Pegged to the US Dollar: The Riyal is fixed at 3.75 SAR per 1 USD, ensuring stability in international transactions.

Strong Economy: As the currency of one of the wealthiest Middle Eastern nations, the Riyal supports major economic sectors like tourism, trade, and finance.

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Importance of the Saudi Arabian Riyal

The Saudi Riyal is significant because:

  • Oil-Backed Stability: Saudi Arabia is a leading oil exporter, and the Riyal is closely tied to the petroleum market.
  • Pegged to the US Dollar: The Riyal is fixed at 3.75 SAR per 1 USD, ensuring stability in international transactions.

Strong Economy: As the currency of one of the wealthiest Middle Eastern nations, the Riyal supports major economic sectors like tourism, trade, and finance.

About Saudi Arabian Riyal

  • Introduced in 1925, replacing the Hejaz Riyal.
  • Pegged to the US Dollar since 1986 at a fixed rate.
  • Managed by the Saudi Central Bank (SAMA), ensuring inflation control and economic stability.
Saudi Arabian Riyal Stats
Name
Saudi Arabian Riyal
Symbol
﷼
Code
SAR
Minor Unit
1/100 = Halala
Top SAR Conversion
Top SAR Conversion

Saudi Arabian Riyal Profile

Nicknames

Riyal, Halalas

Coins

Freq used: 1 halala, 5 halalas, 10 halalas, 25 halalas, 50 halalas, 1 Riyal, 2 Riyals

Bank notes

Freq used: 5 SAR, 10 SAR, 50 SAR, 100 SAR, 200 SAR, 500 SAR

Central bank

Saudi Arabian Monetary Agency

Users

Saudi Arabia... Saudi Arabia

Other Currencies

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