Qatari riyal · QAR
ر.ق symbol · 1 country currently using this currency.
Currency info
Adopted: 1973
Currency family: Other
The Qatari riyal has maintained one of the world's longest fixed exchange rates with the US dollar for over 40 years.
- Introduced in 1973, replacing the Qatar and Dubai riyal at a fixed rate of 1 QAR = 1 riyal
- Pegged to the US dollar since 1980 at a fixed rate of 1 USD = 3.6400 QAR
- The name 'riyal' derives from the Spanish real, a silver coin historically used in the Arabian Peninsula
- Subdivided into 100 dirhams, following the monetary system of the Gulf region
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Qatar and Dubai riyal