Saudi riyal
| ريال سعودي | |
|---|---|
-donatedth_b.jpg) An old one riyal 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 Central Bank |
| 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
[change | change source]In 2007, Saudi Central Bank created its fifth series of riyal banknote with a picture of King Abdullah from all riyal banknotes expected 500 riyal banknote, which has picture of King Abdulaziz.[1] In December 2016, old currency was removed from market in five years, later, Saudi Arabia will get new designs of both coins and banknotes.[2][3] In May 2018, Saudi Central Bank replaced one riyal banknote to one riyal coin from market.[4][5]
On 5 October 2020, Saudi Central Bank changed new five riyal polymer banknote.[6] In October 2020, it created a special 20 riyal banknote with a picture of King Salman to mark G20 presidency.[7] In April 2021, Saudi Central Bank created a special 200 riyal banknote with a picture of King Abdulaziz to celebrate the fifth anniversary of Vision 2030.[8] In February 2025, King Salman approved official Saudi riyal symbol.[9][10][11]
Banknotes and coins
[change | change source]There are 5, 10, 25, 50 and 100 halala coins; and 5, 10, 20, 50, 100, and 500 riyal banknotes. The special riyal banknotes are there such as 20 and 200 riyal.
Fixed exchange rate
[change | change source]The riyal is fixed to be the same as 0.266612 United States dollars.[12][13][14] It also is fixed to be 0.371361 Canadian dollars.
References
[change | change source]- ↑ "Saudi Arabia unveils new family of notes – BanknoteNews". 2007-05-21. Retrieved 2026-01-19.
- ↑ "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 Launches Riyal Coins to Replace Banknotes". english.aawsat.com. Retrieved 2026-01-19.
- ↑ "Saudi Arabia starts withdrawing 1 Riyal notes from market". Al Arabiya English. 2018-05-24. Retrieved 2026-01-18.
- ↑ "Saudi Arabia's monetary authority issues new 5 riyal polymer banknote". Arab News. Retrieved 2026-01-19.
- ↑ "Saudi Arabia issues new twenty-riyal banknote to mark G20 presidency". Al Arabiya English. 2020-10-25. Retrieved 2026-01-18.
- ↑ "Saudi Central Bank issues SR200 banknote to celebrate 5th anniversary of Vision 2030". Saudigazette. 2021-04-24. Retrieved 2026-01-18.
- ↑ "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
Other websites
[change | change source]
