Saudi Arabia The Saudi Arabian Riyal (SAR) is the official currency of Saudi Arabia. It has been in circulation since 1925 and is issued by the Saudi Central Bank (SAMA). The riyal is subdivided into 100 halalas. Historically, the Saudi Riyal was pegged to the IMF’s Special Drawing Rights (SDRs), but since 1986, it has been fixed to the US Dollar at a rate of 1 USD = 3.75 SAR. The riyal is widely used for transactions within Saudi Arabia, particularly in industries like oil, tourism (including pilgrimages to Mecca and Medina), and international trade. The currency features Arabic inscriptions and images of Saudi monarchs, with newer polymer banknotes introduced in recent years for durability and security.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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