What is The National Currency of Saudi Arabia?

What is The National Currency of Saudi Arabia?

The Saudi Arabian Riyal is The National Currency of Saudi Arabia. The currency code for Riyals is SAR. In 1932 Saudi Arabia was established And the Saudi Riyal was introduced As their National Currency.

The Saudi Arabian Riyal is subdivided into 100 halalas. In June 1986, the riyal was officially pegged to the IMF’s special drawing rights (SDRs). In practice, it is fixed at 1 U.S. dollar = 3.75 riyals.

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