Saudi Arabian Riyal

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Saudi Arabian Riyal

The currency of Saudi Arabia. It became the official currency of the Kingdom at its establishment in 1932; it is the successor currency to 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.
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"He suddenly flew into a rage, took out a 500 Saudi riyal bill and threatened to tell police I was attempting to buy items using fake money."
Binay then reiterated his thanks to the government of Saudi Arabia, especially to King Abdullah, for shouldering 2.3 million Saudi Riyal of Lanuza's blood money.
PESHAWAR -- Customs authorities foiled an attempt to smuggle of 0.4 million Saudi Riyals to Saudi Arabia and arrested the accused at Bacha Khan International Airport (BKIA) Peshawar.
Non-Saudi Umrah companies are charging pilgrims in Saudi riyals to avoid losses from decline in the value of other currencies.
"The dollar, euro and Saudi riyal are the most affected currencies when it comes to faking because of their value and demand.
The purchasing power of a Saudi riyal has been reduced to 57 halalas during the past 24 years as a result of inflation, a study conducted by Al-Eqtisadiah business daily said.
in the capital, while the Riyadh Development Authority has approved a 278 billion Saudi Riyal (US$ 74.1 billion) development plan
Hafiz Hamdullah said that the ministry hired two buildings in Medina Road Makah for Saudi Riyal 2900 while others countries hired buildings on the same place at the cost of 1500 Saudi Riyals which caused Rs 275 million loss to the national exchequer.
Dubai: Saudi Arabia-based water and project developer ACWA Power said Sunday it has increased its 2015 revolving credit facility by 600 million Saudi riyal (Dh587 million, $159.9 million) to 1.309 billion Saudi riyal.

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