SAR - Saudi Arabian 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 SAR to INR 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 the XE Currency Blog, or take SAR rates on the go with our XE Currency Apps and website. More info ▶
Top SAR Exchange Rates
Currency Facts
Name: Saudi Arabian Riyal
Symbol: ﷼
Minor Unit:
1/100 = Halala
Top SAR Conversion:
SAR/INR
Top SAR Chart:
SAR/INR Chart
Inflation: -0.20%
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.
