The riyal is the official money used in Saudi Arabia. A shorter name for it is SR (Arabic: ر.س). The riyal is divided into 100 halala (Arabic: هللة).
The riyal has been Saudi Arabia's money since Saudi Arabia became a country. It was the currency of Hejaz before Saudi Arabia was a country.
There are 5, 10, 25, 50 and 100 halala coins; and 1, 5, 10, 20, 50, 100, and 500 riyal banknotes.
The riyal is fixed to be the same as 0.266667 United States dollars.
- ↑ Saudi Arabia’s Exchange Rate Arrangement
- ↑ In this special feature Central Banking presents a survey of the Saudi Arabian Monetary Agency