Qatari riyal: Difference between revisions
→References: correcting Arabic iw |
→References: + Catalan iw |
||
| Line 50: | Line 50: | ||
[[ar:ريال قطري]] |
[[ar:ريال قطري]] |
||
[[ca:Riyal de Qatar]] |
|||
[[de:Katar-Riyal]] |
[[de:Katar-Riyal]] |
||
[[es:Rial qatarí]] |
[[es:Rial qatarí]] |
||
Revision as of 13:35, 7 July 2006
| |||||
| ISO 4217 | |||||
|---|---|---|---|---|---|
| Code | QAR (numeric: 634) | ||||
| Subunit | 0.01 | ||||
| Denominations | |||||
| Subunit | |||||
| 1/100 | dirham | ||||
| Banknotes | 1, 5, 10, 50, 100, 500 riyals | ||||
| Coins | 1, 5, 10, 25, 50 dirhams | ||||
| Demographics | |||||
| User(s) | Qatar | ||||
| Issuance | |||||
| Central bank | Qatar Central Bank | ||||
| Website | www.qcb.gov.qa | ||||
| Valuation | |||||
| Inflation | 7.8% | ||||
| Source | CIA World Fact Book, 2005 est. | ||||
| Pegged with | US dollar = 3.64 riyals | ||||
The Qatari riyal (currency code QAR) is the official currency of Qatar. A riyal is divided into 100 dirhams.
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. Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal. 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.
Coins
Coins are issued in denominations of 1, 5, 10, 25 and 50 dirhams.
Banknotes
The Qatar Central Bank (QCB) issues banknotes in denominations of 1, 5, 10, 50, 100, and 500 riyals.
Fixed exchange rate
In March 1975, the riyal was officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it has been fixed at 1 U.S. dollar = 3.64 riyals since 1980[1] [2], which translates to approximately 1 riyal = 0.274725 dollar. This rate was made official in July 2001.
| Current QAR exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
| From Yahoo! Finance: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
| From XE.com: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
| From OANDA: | AUD CAD CHF CNY EUR GBP HKD JPY USD |
Note: These rates are obtained from xe.com and may contradict with pegged rate mentioned above
See also
References
 | This money or currency-related article is a stub. You can help Wikipedia by expanding it. |
 | This Middle East–related article is a stub. You can help Wikipedia by expanding it. |