Currencies

Countries that use the Saudi Rial

The Saudi Rial is an official national currency and used only in Saudi Arabia. 1 Rial is devided into 20 Qirshes = 100 Hallalas.

The Saudi Rial is tied to the US Dollar with a fixed exchange rate. Therefore, 1 Rial always equals to 0.2667 US Dollar.


ISO 4127:
SAR
Numeric:
682
Symbol:
﷼
1.00 Saudi Rial = 0.27 US Dollar
(date: 08/16/2018)



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Exchange rate history 10 SAR in USD

The two currencies are directly interdependent and have a fixed conversion rate.



Saudi Rial as currency

CountryRegion
Saudi ArabiaWestern Asia




Currency reserves for the Saudi Rial

According to the International Monetary Fund, the total broad money (M3) amounted to SAR 1,810.18 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 2,055.32 billion Rials. This corresponds to a ratio of 0.9:1 and the reserves are even higher, than broad money is in circulation.

Approximately 44.7 billion Rials (2.2%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean