🏴 MostFlags

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

Historical predecessor

Qatar and Dubai riyal