Rial currencies around the world
10th May 2023
The Rial/Riyal name is based on the Latin term ‘regalis’ which literally means royal. It shares a similar etymology to the ‘Real’ currency which can
Currency Profile
The Qatari riyal is the official currency of the State of Qatar.
It is divided into 100 dirhams and is abbreviated as QR (English) or ﷼ (Arabic).
The Qatari riyal was introduced in 1973 to replace the Gulf rupee, a currency used by the British Protectorate States in the Gulf.
Until the 1960s, the Indian Rupee was used in Qatar.
The Qatari riyal is pegged to the US dollar at a rate of QR$= $0.2722. This peg has been in place since 2001.
The Rial/Riyal name is based on the Latin term ‘regalis’ which literally means royal. It shares a similar etymology to the ‘Real’ currency which can
With the World Cup taking place in Qatar between November and December 2022, it’s the perfect opportunity to take a deeper dive into the currency
When you hear the term ‘Currency Union’ you probably think: Euro. Most people would. It’s by far the most high profile and successful monetary union.
