Saudi riyal

The riyal is the official money used in Saudi Arabia. A shorter name for it is SR (). The riyal is divided into 100 halala ().

The riyal has been Saudi Arabia's money since Saudi Arabia became a country. It was the currency of Hejaz before Saudi Arabia was a country.

 History 
In 2007, Saudi Central Bank created its fifth series of riyal banknote with a picture of King Abdullah from all riyal banknotes expected 500 riyal banknote, which has picture of King Abdulaziz. In December 2016, old currency was removed from market in five years, later, Saudi Arabia will get new designs of both coins and banknotes. In May 2018, Saudi Central Bank replaced one riyal banknote to one riyal coin from market. 

On 5 October 2020, Saudi Central Bank changed new five riyal polymer banknote. In October 2020, it created a special 20 riyal banknote with a picture of King Salman to mark G20 presidency. In April 2021, Saudi Central Bank created a special 200 riyal banknote with a picture of King Abdulaziz to celebrate the fifth anniversary of Vision 2030. In February 2025, King Salman approved official Saudi riyal symbol.

 Banknotes and coins 
There are 5, 10, 25, 50 and 100 halala coins; and 5, 10, 20, 50, 100, and 500 riyal banknotes. The special riyal banknotes are there such as 20 and 200 riyal.

 Fixed exchange rate 

The riyal is fixed to be the same as 0.266612 United States dollars.Saudi Arabia’s Exchange Rate ArrangementIn this special feature Central Banking presents a survey of the Saudi Arabian Monetary Agency It also is fixed to be 0.371361 Canadian dollars.

References

 Other websites 

SAMA website

Category:Saudi Arabia
Category:Currency of Asia