Qatar Currency History _ 1 Qatri Riyal in USD _ Qatar Curreny Photos

Currency of Qatar:

The Qatari riyal (sign: QR or ر.ق; code: QAR) is the money of the State of Qatar. It is separated into 100 dirhams (Arabic: درهم) and is abridged as either QR (English) or ر.ق (Arabic).

Qatari riyal:

ريال قطري (Arabic)

ISO 4217:

Code::  QAR

Exponent::  2

Denominations::

Subunit

 1⁄100::  dirham

Symbol::  QR or ر.ق

Banknotes::  1, 5, 10, 50, 100, 200, 500 riyals

Coins

Freq. used::  25, 50 Dirhams

Rarely used::  1, 5, 10 Dirhams

Demographics:

User(s) Qatar Qatar

Issuance:

Central bank::  Qatar Central Bank

Website::  www.qcb.gov.qa

Valuation:

Inflation::  -2.8%

Source::  The World Factbook, 2011 est.

Pegged with::  U.S. dollar (USD)

$1 USD = 3.64 QR

History:

Until 1966, Qatar involved the Indian rupee as its money, as Gulf rupees. At the point when India depreciated the rupee in 1966, Qatar, alongside different states utilizing the Gulf rupee, decided to present its own currency.

Prior to doing as such, Qatar momentarily embraced the Saudi riyal, then, at that point, presented the Qatar and Dubai riyal following the marking of the Qatar-Dubai Currency Agreement on 21 March 1966.[2] The Saudi riyal was worth 1.065 Gulf rupees, while the Qatar and Dubai riyal was equivalent to the Gulf rupee before its cheapening.

Following Dubai's entrance into the United Arab Emirates, Qatar started giving the Qatari riyal separate from Dubai on 19 May 1973. The old notes kept on circling in lined up for 90 days, when they were withdrawn.

For a more extensive history encompassing money in the district, see the historical backdrop of British cash in the Middle East