Qatari riyal conversion

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Qatari riyal

Abbreviation/Symbol:

  • ريال

Worldwide use:

  • Qatar

Description:

The Qatari Riyal currency comes in denominations of 1, 5, 10, 25 and 50 Dirhams and banknotes come in denominations and colors of 1 - brown, 5 - green, 10 - orange, 50 - purple, 100 - green and purple, and 500 - blue.

The Qatari Riyal is pegged to the US Dollar at a fixed exchanged rate of 1 USD to 3.64 QAR. This rate has been enshrined in law by Royal decree by Hama Bin Al Khalifa Al Thani, Emir of Qatar.

Origin:

Until 1966, Qatar used the Indian Rupee as what was locally known as the Gulf Rupee. Due to the effects of devaluation by India in 1966, Qatar, along with a number of other Gulf states introduced their own currency, the Qatari Riyal.

Component units:

  • dirhams (100)

Date introduced:

  • 19th May 1973

Central bank:

  • Qatar Central Bank

Printer:

    Mint:

    • Qatar Monetary agency