Riyal


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Riyal

1. The currency of Qatar. Since 1980, the riyal has been pegged to the U.S. dollar at a rate of 1 USD to 3.64 QAR. This exchange rate is important especially to energy deals as Qatar is rich in natural gas and, to a slightly lesser extent, oil.

2. The currency of Saudi Arabia. It became the official currency of the Kingdom at its establishment in 1932; it is the successor currency of the Hejaz riyal. Between 1986 and 2003, the riyal was pegged to Special Drawing Rights, but, in practice, this was effectively a peg to the U.S. dollar. The peg was officially changed to the dollar in 2003 and has been in effect since (with the exception of a brief period in 2007). It is issued by the Saudi Arabian Monetary Agency.
References in periodicals archive ?
The current appropriations for the educational sector amount to 874 million riyals, or 35 per cent of the current expenditures of the civil ministries," he added.
3 percent and this means a Saudi riyal in 2000 now values 65 halalas, reducing its power to purchase goods and services.
Meanwhile, Oman posted a deficit of 3 billion riyals in the first nine months of 2017, compared to 4 billion riyals in the same period last year, due to the slide in oil prices, according figures from the National Centre for Statistics and Information (NCSI).
The kingdom's largest cement company by market value made a net profit of 269mn riyals ($71.
5 riyals per share, according to a separate bourse statement.
Impairments on the bank's investment portfolio stood at 68 million riyals in 2011 versus 128 million riyals in 2010.
The results for Safco, in which Saudi Basic Industries Corp (SABIC) holds a 43 percent stake, were below the average estimate of 640 million riyals in a Reuters' poll of analysts.
At the end of last year, the world's foreign currency reserves jumped to $8 trillion, with Saudi Arabia alone accounting for 400 billion riyals ($106.
The kingdom's 2010 budget for education stood at 137 billion riyals ($36.
According to the report issued by the Central Bank of Yemen the total deposits in these banks fell to 1 trillion and 260 billion riyals by the end of the this month compared to 1 trillion and 278 billion and 400 million riyals by the end of the previous month with decline of 1.
31 billion riyals - also the smallest rise since its inception - while operating profit grew 17pc to 371m riyals.
007 billion Omani riyals during the first eight months of 2006, compared to 3.