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Saudi Riyal

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Saudi RiyalWhat is the Saudi Riyal?

The Saudi Riyal is the currency of Saudi Arabia. The ISO code is: SAR. Subdivided into 100 Halalas, the riyal has been the currency of Saudi Arabia since the country came about. It was also the currency of Hejaz (region of present-day Saudi Arabia) before Saudi Arabia was created. 

 

Understanding Saudi Currency

In 1935 the first coins were issued in the name of Saudi Arabia, with denotations of silver 1/4, 1/2 adn 1 riyal coins. Cupro-nickel 1/4, 1/2 adn 1 ghirsh were also later issued in 1937. In 1963, the halala was introduced and bronze1 halala. In 1999, the bimetaliic 1 riyal coins, also makred 100 halala were introduced into circulation.

 

Banknotes were introduced in 1953 by the Saudi Arabian Monetary Agency (SAMA), issuing Haj Pilgrim Receipts for 10 riyals. These were originally intended for the use by pilgrims who exchanged foreign currency for them. 500 riyal notes were introduced in 1983, later 20 adn 200 riyal banknotes entered circulation in 200 to commemorate the centenary of the founding of Saudi Arabia. 

 

Purchase Saudi Money and get Peace of Mind

Treasury Vault provides you the ability to purchase foreign currencies from around the world. Saudi Arabian currency included. We go the extra mile to fulfill your Saudi money order for you. We pride ourselves in striving every day to understand the every changing needs of our customers. At Treasury Vault, it's from our vault to yours.

 

We monitor the news and markets daily for info that will help give you the best price. We understand privacy is very important to you--we treat each transaction as if it were our own. We want to you to return time and again because of the precision and care we've taken on every interaction.