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.
1.00 Saudi Rial = 0.27 US Dollar
Exchange rate history 10 SAR in USDThe two currencies are directly interdependent and have a fixed conversion rate.
Saudi Rial as currency
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 1,910.46 billion Rials. This corresponds to a ratio of 0.9:1 and the reserves are even higher, than broad money is in circulation.
Approximately 49.9 billion Rials (2.6%) 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.
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