Qatari riyal

Qatari Riyal

Currency
Currency Less

Qatari riyal

to get instant updates about 'Qatari Riyal' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
The riyal (Arabic: ريال, ISO 4217 code: QAR) is the currency of the State of Qatar. It is divided into 100 dirham (درهم) and is abbreviated as either QR (English) or ر.ق (Arabic).

History

Until 1966, Qatar used the Indian rupee as currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal which was the result of signing the Qatar-Dubai Currency Agreement on 21 March 1966. The Saudi riyal was worth 1.065 rupees, whilst the Qatar and Dubai riyal was equal to the rupee prior to its devaluation.

Until 1973, Qatar and Dubai jointly issued the riyal. However, following Dubai's entrance into the United Arab Emirates, Qatar began issuing the Qatari riyal separate from Dubai.

For a wider history surrounding currency in the region, see The History of British Currency in the Middle East.

Coins

In 1966, coins were introduced in the name of Qatar and Dubai for 1, 5, 10, 25 and 50 dirham. In 1973, a new series of coins was introduced in the same sizes and compositions as the earlier pieces but in the name of Qatar only. See these coins athttp://www.chiefacoins.com/Database/Countries/Qatar.htm

Banknotes

On September 18, 1966, the Qatar & Dubai Currency Board introduced notes for 1, 5, 10, 25, 50 and 100 riyal. These were replaced in 1973...
Read More

No feeds found

All
Posting your question. Please wait!...


About

Currency
No messages found
Suggested Pages
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from