Qatari Riyal

About The Qatari Riyal: The Currency of Qatar

Quick Facts About the Qatari Riyal Notes

Country of Origin	Qatar
Symbol	QR and ر.ق
Currency Code	QAR
Nick Names
Minor units	Dirham
Denominations (Banknotes)	QR 1, QR 5, QR 10, QR 22, QR 50, QR 100, QR 200 and QR 500
Motto
Identification Feature	The front of each bill from the 5th series features the same design elements, including geometric patterns, the Qatari flag, native plants and animals, and a gate that is reminiscent of Qatar's architectural history.
Issuing Bank	Qatar Central Bank
In Circulation Since	May 19, 1973

The Qatari Riyal (QAR) is the country's official currency, and it is used by the State of Qatar, which is located on the southwestern coast of the Arabian Peninsula. The sign for this currency in English is ‘QR’. It is the responsibility of the Central Bank of Qatar to issue all of the coins and paper currency that are in circulation within the nation of Qatar. In Qatar, the following denominations of currency are legal tender: 1, 5, 10, 50, 100, and 500 rial bills. The following denominations of coins are available: 1, 5, 10, 25, and 50 Qatari Riyal pieces. The Qatari riyal symbol is QR and ر.ق.

The live Qatari Riyal rate is INR (0 🔄) . You can keep an eye on the real-time Qatari Riyal price.

History of the Qatari Riyal

Let’s learn about Qatari riyal history. On May 19, 1973, Dubai was accepted into Qatar, and a few years later, on May 19, 1973, Qatar began issuing its own currency, known as the Qatari Riyal. Both the new and the old notes were in circulation concurrently for a period of ninety days until the old notes were taken out of circulation.

After the Indian government devalued its currency in 1966, the rial of Qatar and Dubai eventually took its place as the dominant currency in those two countries. A rial (QAR) to the dollar exchange rate of 3.64 rials (QAR) has been established as the standard (USD). In 2001, the peg was made into official law by a royal decree. It is permitted to exchange rial for dollars at a rate ranging from 3.6385 to 3.6415 rial per dollar.

Due to the fact that Qatar's currency, the rial, is tied to the dollar, the country's economy is shielded from the effects of swings in the pricing of global commodities, which are expressed in dollars. The great majority of Qatar's Gross Domestic Product (GDP) comes from its petroleum and natural gas industry (GDP).

The Qatar Monetary Agency began issuing new banknotes on May 19, 1973, in denominations of 1, 5, 10, 100, and 500 rials. In 1976, a note for 50 rials was introduced. The Central Bank of Qatar was officially established on August 5, 1973.

The Central Bank of Qatar released the fifth series of banknotes on December 13, 2020, marking the beginning of the series' circulation. This series includes the 200 rial note as one of its denominations.

Countries Accepting the Qatari Riyal

Amount in the Qatari Riyal You Should Carry for Your Trip

When planning a trip to Qatar, there are several aspects to think about, including how much the flight will cost, how much your accommodation options will cost, how much it will cost to get around, and what you can eat while you're there.

An average traveller requires QAR280 to have a pleasant trip on a tight budget. Spending up to QAR1,206 may be necessary if you plan on dining at Michelin-starred restaurants and staying at posh hotels. A trip to Qatar for two persons might cost anything from QAR500 to QAR2,500. Daily lodging in Qatar can cost anything from QAR151 to QAR681. Meanwhile, depending on whether you use a cab, a bus, or any other mode of transportation, the total cost of your trip might be anywhere from QAR30 to QAR129.

You can check the rate of Qatari riyal today in order to plan a cost-effective vacation.