Saudi riyal · SAR
﷼ symbol · 1 country currently using this currency.
Currency info
Adopted: 1932
Currency family: Other
The Saudi riyal is one of the world's most stable currencies due to its fixed peg to the US dollar, which has remained unchanged for nearly four decades.
- Introduced in 1932 when Saudi Arabia unified its currency system following the establishment of the modern kingdom.
- Replaced the Indian rupee and other regional currencies that were previously used in different parts of the Arabian Peninsula.
- Pegged to the US dollar since 1986 at a fixed rate of 3.75 SAR per USD.
- Named after the historical monetary unit 'riyal' used across the Arabian Peninsula for centuries.
Countries currently using this currency
Related
Other Other currencies
Historical predecessor
Indian rupee and regional currencies