Sign - ر.س / Code - SAR
Long before our corporate currency exchange brokers were helping our clients with their Saudi Riyal transfers, the Saudi Riyal was creating its own rich history.
About the Saudi Riyal
The Riyal has been the currency of Saudi Arabia since its inception in 1932.
In 1963, the Halala was introduced as its sub-unit, replacing the Qirsh. Some Saudi coins still bear denominations in Qirsh but these are no longer commonly used.
Saudi Arabia is a member of the Cooperation Council for the Arab States of the Gulf, along with Kuwait, Qatar, Bahrain, UAE and Oman, which planned to introduce a single currency in 2010, although this plan has yet to be implemented.
Subunit: Halala – 1/100
Coins: 5 halala, 10 halala, 25 halala, 50 halala, 100 halala
Banknotes: 1 riyal, 5 riyal, 10 riyal, 20 riyal, 50 riyal, 100 riyal, 200 riyal
Posted in Currency Wiki on Jun 27 2017