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SAR - Saudi Arabian Riyal

Saudi Arabia, Riyal

The Saudi Arabian Riyal is the currency of Saudi Arabia. Our currency rankings show that the most popular Saudi Arabia Riyal exchange rate is the INR to SAR rate. The currency code for Riyals is SAR, and the currency symbol is ﷼. Below, you'll find Saudi Arabian Riyal rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read Saudi Arabian Riyal News, or take SAR rates on the go with our XE Currency Apps and website. More info 

Top SAR Exchange Rates

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Currency Facts

SAR Stats

Name: Saudi Arabian Riyal

Symbol:

Minor Unit:
1/100 = Halala

Top SAR Conversion:
INR/SAR

Top SAR Chart:
INR/SAR Chart

SAR Profile

Inflation: 3.7%

Coins:
Freq Used: 5, 10, 25, 50, 100

Banknotes:
Freq Used: ﷼1, ﷼5, ﷼10, ﷼20, ﷼50, ﷼100, ﷼500

Central Bank:
Saudi Arabian Monetary Agency
Website: http://www.sama-ksa.org/sites/samaen/pages/home.aspx

Users: Saudi Arabia

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Saudi Arabian Riyal History

Prior to the 20th century, foreign currencies such as the Maria Theresa Thalers and British Gold Sovereigns circulated and served the monetary needs in Arabia, with the exchange rate of 1 Gold Sovereign being equal to 5 Theresa Thalers. In the early 1900's, the Hejaz Riyal was issued as official currency.

When Saudi Arabia was established in 1932, the Saudi Riyal was introduced. The exchange rate had multiple corrections in its history, with 1 riyal originally being equal to 22 qurush coins. In 1960, the currency changed to 20 qurush coins being equal to 1 riyal. In 1952, the Saudi Arabian Monetary Agency (SAMA) was established, with various reforms being introduced in order to establish a single currency system. In 1963, the currency was decimalized and a new subunit called the halala was introduced, dividing the riyal into 100 equal parts.

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