Qatari riyal
Worldwide use:
- Qatar
Description:
The Qatari Riyal currency comes in denominations of 1, 5, 10, 25 and 50 Dirhams and banknotes come in denominations and colors of 1 - brown, 5 - green, 10 - orange, 50 - purple, 100 - green and purple, and 500 - blue.
The Qatari Riyal is pegged to the US Dollar at a fixed exchanged rate of 1 USD to 3.64 QAR. This rate has been enshrined in law by Royal decree by Hama Bin Al Khalifa Al Thani, Emir of Qatar.
Origin:
Until 1966, Qatar used the Indian Rupee as what was locally known as the Gulf Rupee. Due to the effects of devaluation by India in 1966, Qatar, along with a number of other Gulf states introduced their own currency, the Qatari Riyal.
Component units:
- dirhams (100)
Date introduced:
- 19th May 1973
Central bank:
- Qatar Central Bank
Printer:
Mint:
- Qatar Monetary agency
