Saudi riyal
| Saudi riyal | |||
|---|---|---|---|
| ريال سعودي | |||
| |||
| ISO 4217 Code | SAR | ||
| User(s) |  Saudi Arabia
| ||
| Inflation | 3% (December 2013) | ||
| Source | Saudi Arabian Monetary Agency, Jan 2014 est. | ||
| Subunit | |||
| 1⁄100 | 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 | ||
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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 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
[change | change source]There are 5, 10, 25, 50 and 100 halala coins; and 1, 5, 10, 20, 50, 100, and 500 riyal banknotes.
Exchange rate
[change | change source]The riyal is fixed to be the same as 0.266612 United States dollars.[6][7][8]
References
[change | change source]- ↑ "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
