| The exchange rate had multiple corrections in its history, with 1 riyal originally being equal to 22 qurush coins | Currency exchange and transactions are easy in Saudi Arabia |
|---|---|
| In 1960, the currency changed to 20 qurush coins being equal to 1 riyal | Select a currency Prior to the 20th century, foreign currencies such as the Maria Theresa Thalers and British Gold Sovereigns circulated and served the monetary needs in Arabia, with the exchange rate of 1 Gold Sovereign being equal to 5 Theresa Thalers |
In 1963, the currency was decimalized and a new subunit called the halala was introduced, dividing the riyal into 100 equal parts.
21| In the early 1900's, the Hejaz Riyal was issued as official currency | In 1952, the Saudi Arabian Monetary Agency SAMA was established, with various reforms being introduced in order to establish a single currency system |
|---|---|
| Use this guide to learn the ins and outs of Saudi currency and exchange rates so you can get back to , sightseeing and instead |