Buy, Sell or Transfer Saudi Riyal (SAR) in India at the best exchange rates
As the official currency of Saudi Arabia, the Riyal has been in existence even before the formation of the country. The term Riyal is said to be derived from the Spanish word 'real.' The Saudi Currency is in the abbreviation of ر.س or SAR. The Saudi Riyal is further subdivided into 100 Halalas. The Saudi Arabian Monetary Authority, the second oldest Central Bank in the entire Arab World, monitors and prints the Saudi Riyal. The current worth of the Saudi Riyal is 1 USD=3.75 SAR. There are 5, 10, 25, 50 and 100 halala coins and 1, 5, 10, 20, 50, 100, and 500 riyal banknotes.
Some facts that you ought to know about the sar:
The Saudi Arabian Monetary Authority (newly named) possesses the rights to issuance and circulation of the Saudi Riyal coins and currencies. The currency is in the subdivision of 100 riyals. The coins in circulation are halals 5, 10, 25, 50, 100; the bank notes in circulation are rials 1, 5, 10, 20, 50, 100, 200, 500.
In the year 2016, the country issued a newer series of the currency for halalas 1, 5, 10, 25, and 50 along with bimetallic versions of the 1 and 2 riyal coins.
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