Saudi riyal
| ريال سعودي | |
|---|---|
An old banknote of Saudi | |
| ISO 4217 | |
| Code | SAR (numeric: 682) |
| Subunit | 0.01 |
| Unit | |
| Symbol | |
| Denominations | |
| Subunit | |
| 1⁄100 | halalah |
| Banknotes | 5, 10, 50, 100, 500 riyals |
| Coins | 0.01, 0.05, 0.10, 0.25, 0.50, 1 riyal, 2 riyals |
| Demographics | |
| User(s) | Saudi Arabia |
| Issuance | |
| Central bank | Saudi Arabian Monetary Authority |
| Website | www.sama.gov.sa |
| Valuation | |
| Inflation | 3% (December 2013) |
| Source | Saudi Arabian Monetary Agency, Jan 2014 est. |
The riyal is the official money used in Saudi Arabia. A shorter name for it is SR (Arabic: ر.س). The riyal is divided into 100 halala (Arabic: هللة).
The riyal has been Saudi Arabia's money since Saudi Arabia became a country. It was the currency of Hejaz before Saudi Arabia was a country.
History
In December 2016, old currency was removed from market in five years, later, Saudi Arabia will get new designs of both coins and banknotes.[1][2]
In February 2025, King Salman approved official Saudi riyal symbol.[3][4][5]
Banknotes and coins
There are 5, 10, 25, 50 and 100 halala coins; and 1, 5, 10, 20, 50, 100, and 500 riyal banknotes.
Exchange rate
The riyal is fixed to be the same as 0.266612 United States dollars.[6][7][8]
References
- ↑ "Saudi Arabia launches new banknotes". Arab News. Retrieved 2025-05-18.
- ↑ "New Saudi currencies to be used alongside old ones". Al Arabiya English. 2016-12-25. Retrieved 2025-05-17.
- ↑ "Saudi Arabia unveils currency symbol to promote financial status". The Economic Times. 2025-02-21. ISSN 0013-0389. Retrieved 2025-05-17.
- ↑ "Saudi Arabia unveils new Saudi riyal symbol, design derived from Arabic calligraphy". Al Arabiya English. 2025-02-20. Retrieved 2025-05-17.
- ↑ "King Salman approves Saudi riyal symbol". Arab News. Retrieved 2025-05-17.
- ↑ guagenti, calogero (2025-05-17). "SAR To USD: Convert Saudi Riyal to United States Dollar". Forbes Advisor. Retrieved 2025-05-17.
- ↑ Saudi Arabia’s Exchange Rate Arrangement
- ↑ In this special feature Central Banking presents a survey of the Saudi Arabian Monetary Agency