Saudi Riyal

About The Saudi Riyal: The Currency of Saudi Arabia

Quick Facts About the Saudi Riyal Notes

Country of Origin	Saudi Arabia
Symbol	ر.س (Arabic)
Currency Code	SAR
Nick Names	None
Minor units	Halala
Denominations (Banknotes)	1, 5, 10, 20, 50, 100, 200 and 500 riyals
Motto	Lā ʾilāha illā l-Lāh; Muḥammadu r-rasūlu l-Lāh
Identification Feature	On the front of these banknotes, made of paper, there are depictions of well-known landmarks and public buildings; and on the back, the official emblem of the nation is shown.
Issuing Bank	Saudi Central Bank
In Circulation Since	June 15, 1961
INR Exchange Rate	23.4579 🔄

In Saudi Arabia, the Riyal is the country's standard unit of currency. They have abbreviated this term as SR for the sake of convenience. In fact, 1 riyal is equivalent to one 100 halalas. The exchange rate of this currency for the United States dollar is unmovable and unchangeable. Since 1986, the value of one Saudi riyal (SAR) has been pegged at a rate of 3.75 Saudi riyals to one dollar (USD). When it comes to printing and regulating the Saudi Riyal, the Saudi Arabian Monetary Authority (SAMA) is the oldest in the Arab world.

The current Live Saudi riyal rate is INR (23.4579 🔄) . You can also check out Qatar riyal and Omani riyal rates.

History of the Saudi Riyal

The Saudi Arabian Monetary Agency was set up in 1952, however it was forbidden at the time to issue physical currency. Officials at SAMA sidestepped this rule in 1953 by producing Haj Pilgrim Receipts. Initiated for the exclusive use of pilgrims, these receipts eventually replaced silver coinage in transactions across Saudi Arabia.

On June 15, 1961, the first standard banknotes were issued in denominations of 1, 5, 10, 50, and 100 riyals. The front of these paper banknotes depicts well-known landmarks and public buildings, while the back features the country's official insignia.

Arabia started releasing banknotes with monarchs on them in 1976. Notes from 1976 feature King Faisal, with the exception of the 100 Riyal bill, which features King Abdul Aziz ibn Saud. However, King Fahd is featured on majority of the 1984 banknotes.

In the year 2000, in order to mark the 100th anniversary of the establishment of the Kingdom of Saudi Arabia, fresh banknotes in the denominations of 20 and 200 riyals were introduced. These bills featured images of King Abdul Aziz, the founder monarch of the Kingdom of Saudi Arabia.

The current rate of Saudi Riyal is INR (23.4579 🔄) . You can keep an eye on the live Saudi Riyal value.

Countries Accepting the Saudi Riyal

Amount in the Saudi Riyal You Should Carry for Your Trip

The entire cost of your vacation to Saudi Arabia will be determined in part by a number of factors, including how you intend to commute around the country, where you will be staying, and how frequently you will eat in restaurants. You should plan on spending approximately SAR 200 each day in order to cover your overall living expenses while you are on vacation. If you indulge in things like private transportation, meals at Michelin-starred restaurants, and stays at five-star hotels, you may easily spend more than SAR 1,400 per day on a deluxe holiday. Nevertheless, if you and your significant other are considering taking a trip, you should be aware that the overall cost of the vacation might range anywhere from SAR 500 to SAR 3,000, depending on the specifics of the trip that you choose.

Prices for a night's stay at a hotel in Saudi Arabia can range anywhere from SAR 100 to SAR 800 per person per day. This much, on average, is how much it amounts to. Your daily transportation costs could range anywhere from SAR 40 to SAR 250 per day or even more, depending on whether you opt to walk, ride the bus, or call a taxi.