The Currency of Saudi Arabia is Saudi Arabian Riyal. Before the 1930s
the riyal had mostly a domestic need for the country's economy and exchange policy.
But after the 1970s when Saudi Arabia became the world's largest oil producing
country riyal became a popular currency.
Presently one of the richest countries in the world is Saudi Arabia. The Currency
of Saudi Arabia has a global significance now. Another reason why the Saudi
Arabian Currency has gained such prominence is because Tourism in Saudi Arabia
has been growing at a rapid rate. In 2000 the government decided to give tourism
a serious thought. Now the second major source of revenue for the country is
tourism.
The Economy and Politics of Saudi Arabia influences the rate of exchange of
the Currency of Saudi Arabia. Most of the economic deals that the country has
are with the United States. In 1986 the exchange rate of riyal to the U.S. dollar
was fixed. One dollar now equals 3.75 SAR, that is, Riyal.
The Riyal is further divided into smaller units. One riyal equals 20 Ghrish.
On the other hand 100 Halalas make one riyal. There are bills of 1, 5, 10, 20,
50, 100, 200 and 500 Riyals. The coins are available in 5, 10, 25, 50, and 100
Halalas. The Currency of Saudi Arabia is similar to the Indian Rupee. Hundred
paise in Indian currency make one rupee.
Tourists who wish to travel to Saudi Arabia should preferably have some idea
about the exchange rates, currency and economy of the country. Such information
is available in the Saudi Arabia Travel Guide. Other relevant information like
History of Saudi Arabia, Geography of Saudi Arabia, Climate of Saudi Arabia,
Population of Saudi Arabia and Language of Saudi Arabia are also present.
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