The Saudi riyal (Arabic: ريالriyāl;ISO 4217 code: SAR) is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic:هللةHalalah). The Saudi qirsh is 5 halalas.
History
The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh. However, although the Hejaz riyal was the same weight as the Ottoman 20 kuruş, it was minted in .917 fineness, compared to .830 fineness for the Ottoman coin. Thus, because the first Saudi riyal had the same specifications as the Hejaz riyal and circulated alongside Ottoman coins, it came to be worth 22 Ottoman kuruş and was consequently subdivided into 22 ghirsh when coins denominated in qirsh were issued from 1925. The system remained even though the riyal was subsequently debased to a coin equivalent, in silver content, to the Indian rupee in 1935.
As a result of negotiations with the Saudi government, migrant workers will now receive a guaranteed minimum salary of 1,500 Saudi Riyals, or around Rp7.5 million, he informed ... Saudi employers to open deposits for Indonesian workers.
... day's closing of Rs 363.42.</p><p>The exchange rate of the Emirates Dirham increased by 01 paisa and closed at Rs 76.29 and Saudi Riyal remained unchanged to close at Rs 74.70.</p> .
The operation also led to the confiscation of counterfeit foreign currencies, including U.S. dollars and Saudi riyals. Citizens have been urged to avoid dealing with any unlicensed entities to prevent potential harm ... The MediaOffice added.
... the last day's closing of Rs364.20.</p><p>The exchange rate of the Emirates Dirham and Saudi Riyal came down by 03 and 02 paisa and closed t Rs 76.28 and Rs 74.70 respectively.</p> .
The recycled ihrams, priced at 98 SaudiArabian Riyals, are currently available in Madinah, with future plans to extend distribution to Makkah, major airports, and other areas across the Kingdom.
... last day's closing of Rs362.23.</p><p>The exchange rate of the Emirates Dirham and Saudi Riyal went decreased by 01 paisa each and closed t Rs 76.28 and Rs 74.70 respectively.</p> .