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Saudi riyal

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Saudi riyal
ريال سعودي
An old banknote of Saudi
An old banknote of Saudi
ISO 4217 Code SAR
User(s) Saudi Arabia Saudi Arabia
Inflation 3% (December 2013)
Source Saudi Arabian Monetary Agency, Jan 2014 est.
Subunit
1100 halalah
Symbol
Coins 0.01, 0.05, 0.10, 0.25, 0.50, 1 riyal, 2 riyals
Banknotes 5, 10, 50, 100, 500 riyals
Central bank Saudi Arabian Monetary Authority
Website www.sama.gov.sa

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.

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

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There are 5, 10, 25, 50 and 100 halala coins; and 1, 5, 10, 20, 50, 100, and 500 riyal banknotes.

Exchange rate

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The riyal is fixed to be the same as 0.266612 United States dollars.[6][7][8]

References

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  1. "Saudi Arabia launches new banknotes". Arab News. Retrieved 2025-05-18.
  2. "New Saudi currencies to be used alongside old ones". Al Arabiya English. 2016-12-25. Retrieved 2025-05-17.
  3. "Saudi Arabia unveils currency symbol to promote financial status". The Economic Times. 2025-02-21. ISSN 0013-0389. Retrieved 2025-05-17.
  4. "Saudi Arabia unveils new Saudi riyal symbol, design derived from Arabic calligraphy". Al Arabiya English. 2025-02-20. Retrieved 2025-05-17.
  5. "King Salman approves Saudi riyal symbol". Arab News. Retrieved 2025-05-17.
  6. guagenti, calogero (2025-05-17). "SAR To USD: Convert Saudi Riyal to United States Dollar". Forbes Advisor. Retrieved 2025-05-17.
  7. Saudi Arabia’s Exchange Rate Arrangement
  8. In this special feature Central Banking presents a survey of the Saudi Arabian Monetary Agency