There are also one riyal coins. There is no restriction on converting the riyal or transferring money outside the country. Most foreign currencies can be converted against the Saudi riyal. Commercial banks exist throughout the country and in addition, money-changers deal in foreign currencies and often offer banking transactions. Changing money is easy, as are currency transfers.
Newspapers carry daily exchange rates for the major currencies against the Saudi riyal.
In addition, the government has established a number of specialised banks which help to finance various activities in their particular sectors. All contents copyright 1996, ArabNet. Reproduction prohibited without permission.