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Saudi Riyal

Saudi Arabia - Saudi Riyal (SAR)

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Description

The Saudi riyal is the currency of Saudi Arabia. The banknotes are printed on paper. The Saudi Arabian Monetary Agency (SAMA) is responsible for issuing the Saudi banknotes. The Saudi Riyal is currently pegged to the US dollar. The riyal has been the official currency of Saudi Arabia since the Hejazi Kingdom and the Sultanate combined to form the country. The Saudi Arabian Monetary Agency has been in operation since 1952 and aims to strengthen and stabilize the external and internal value the Saudi currency.