SAR – Saudi Riyal

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.

Denominations

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

Bank: Saudi Arabian Monetary Agency