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Qatari Riyal (QAR)
Real-time tradable Forex prices
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Description:
The official currency of Qatar (Qatari Riyal) is pegged to the US dollar at approximately 3.64 QAR per dollar.
1 Riyal = 100 Dirham
Currency history:
Qatar was considered to be a dependency of Bahrain until September 12, 1868 when Muhammad ibn Thani signed a treaty with Britain establishing Qatar as an independent state. Qatar became a British protectorate on November 3, 1916. On October 22, 1969, Qatar became part of the Federation of Arab Emirates, which was constituted from the Trucial States, Qatar, and Bahrain. The State of Qatar was established on September 3, 1971.
Indian Rupees (INR) circulated in Qatar until April 28, 1959, when the Persian Gulf Rupee (XPGR), issued by the Reserve Bank of India, was created for use in the Persian Gulf. In June 1966, the Saudi Riyal (SAR) replaced the Gulf Rupee as the medium of exchange. The Qatar and Dubai Currency Board introduced the Qatar-Dubai Riyal (XQDR) at par with the Saudi Riyal in September 1966.
The Qatar-Dubai Riyal remained the medium of exchange while Qatar was part of the Federation of Arab Emirates. After the State of Qatar was established, Qatar issued its own Riyal currency (QAR). The Qatar Monetary Agency issued banknotes from 1973 until 1996, and the Qatar Central Bank began issuing banknotes in 1996. The Riyal is divisible into 100 Dirham.
Historical data source: Global Financial Data
Related Information:
» Central Bank of Qatar »
The official currency of Qatar (Qatari Riyal) is pegged to the US dollar at approximately 3.64 QAR per dollar.
1 Riyal = 100 Dirham
FX chart data provided by Saxo Bank
Currency history:Qatar was considered to be a dependency of Bahrain until September 12, 1868 when Muhammad ibn Thani signed a treaty with Britain establishing Qatar as an independent state. Qatar became a British protectorate on November 3, 1916. On October 22, 1969, Qatar became part of the Federation of Arab Emirates, which was constituted from the Trucial States, Qatar, and Bahrain. The State of Qatar was established on September 3, 1971.
Indian Rupees (INR) circulated in Qatar until April 28, 1959, when the Persian Gulf Rupee (XPGR), issued by the Reserve Bank of India, was created for use in the Persian Gulf. In June 1966, the Saudi Riyal (SAR) replaced the Gulf Rupee as the medium of exchange. The Qatar and Dubai Currency Board introduced the Qatar-Dubai Riyal (XQDR) at par with the Saudi Riyal in September 1966.
The Qatar-Dubai Riyal remained the medium of exchange while Qatar was part of the Federation of Arab Emirates. After the State of Qatar was established, Qatar issued its own Riyal currency (QAR). The Qatar Monetary Agency issued banknotes from 1973 until 1996, and the Qatar Central Bank began issuing banknotes in 1996. The Riyal is divisible into 100 Dirham.
Historical data source: Global Financial Data
Related Information:
» Central Bank of Qatar »
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The currency data in this section is provided by Saxo Bank. The material is provided for information only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any commodity, security or investment, nor should it serve as the basis for any investment decision.
Saxo Bank or AME Info does not guarantee the accuracy or completeness of any information or analysis supplied. Saxo Bank or AME Info shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service to a customer, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service.
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