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Qatari riyal ريال قطري (Arabic)
500 riyal obverse 500 riyal reverse
ISO 4217 Code	QAR
User(s)	Qatar
Inflation	7.2%
Source	The World Factbook, 2006 est.
Pegged with	U.S. dollar = 3.64 riyal
Subunit
1/100	dirham
Symbol	QR or ر.ق
Coins	1, 5, 10, 25, 50 dirham
Banknotes	1, 5, 10, 50, 100, 500 riyal
Central bank	Qatar Central Bank
Website	www.qcb.gov.qa

The riyal (Arabic: ريال, ISO 4217 code: QAR) is the currency of Qatar. It is divided into 100 dirham (درهم) and is abbreviated as either QR (English) or ر.ق (Arabic).

Contents 1 History 2 Coins 3 Banknotes 4 Fixed exchange rate 5 See also 6 References 7 External links

Until 1966, Qatar used the Indian rupee as currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal. The Saudi riyal was worth 1.065 rupees, whilst the Qatar and Dubai riyal was equal to the rupee prior to its devaluation.

Until 1973, Qatar and Dubai jointly issued the riyal. However, following Dubai's entrance into the United Arab Emirates, Qatar began issuing the Qatari riyal separate from Dubai.

In 1966, coins were introduced in the name of Qatar and Dubai for 1, 5, 10, 25 and 50 dirham. In 1973, a new series of coins was introduced in the same sizes and compositions as the earlier pieces but in the name of Qatar only.

In 1966, the Qatar and Dubai Currency Board introduced notes for 1, 5, 10, 25, 50 and 100 riyal. These were replaced in 1973 by notes of the Qatar Monetary Agency in denominations of 1, 5, 10, 50, 100 and 500 riyal. In 1996, the Qatar Central Bank (QCB) took over the issuance of paper money and continued to issue the same denominations as the Monetary Agency.

In March 1975, the riyal was officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it has been fixed at 1 U.S. dollar = 3.64 riyal since 1980^{[1] [2]}, which translates to approximately 1 riyal = 0.274725 dollar. This rate was made official in July 2001.

Use Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD KRW
Use XE.com:	AUD CAD CHF EUR GBP HKD JPY USD KRW
Use OANDA.com:	AUD CAD CHF EUR GBP HKD JPY USD KRW

Note: Rates obtained from these websites may contradict with pegged rate mentioned above

• Gulf Rupee
• Cooperation Council for the Arab States of the Gulf
• Economy of Qatar

• Don's World Coin Gallery - Qatar
• Ron Wise's World Paper Money - Qatar ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Asia ^{Mirror site}
• The Global History of Currencies - Qatar
• Global Financial Data currency histories table ( Microsoft Excel format)

Qatari and Dubai riyal

Preceded by: Saudi riyal Reason: delivery of local currency Ratio: 1.065 Qatari and Dubai riyal = 1 Saudi riyal, or 1 Qatari and Dubai riyal = 1 pre-devalued Gulf rupee	Currency of Qatar 1966 – 1973	Succeeded by: Qatari riyal Reason: withdrawal of Dubai from common currency Ratio: at par
	Currency of Trucial States except for Abu Dhabi 1966 – 1973	Succeeded by: United Arab Emirates dirham Reason: formed United Arab Emirates (in 1971) Ratio: at par

Qatari riyal

Preceded by: Qatari and Dubai riyal Reason: withdrawal of Dubai from common currency Ratio: at par

Currency of Qatar 1973 –

Succeeded by: Current

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