About the Qatari Riyal
The Qatari Riyal was introduced in 1973, replacing the Qatar and Dubai Riyal after Dubai joined the United Arab Emirates. It has been pegged to the U.S. Dollar since 1980.
The name 'Riyal' (or Riyal) is derived from the Spanish 'real', a silver coin widely used in the Middle East.
Interesting Facts
Fixed to the US Dollar
The Qatari Riyal is firmly pegged to the U.S. Dollar at a rate of 1 USD = 3.64 QAR, providing a stable exchange rate for trade and investment.
A Hydrocarbon Powerhouse
Qatar is one of the world's largest exporters of liquefied natural gas (LNG), making its economy and currency highly dependent on global energy prices.
National Symbols and Modernity
Qatari banknotes feature images reflecting the country's rich Islamic heritage, modern infrastructure, and national symbols, including the coat of arms and various wildlife.
Historical Timeline
The Qatar and Dubai Riyal is introduced.
The Qatari Riyal is introduced after Dubai joins the UAE.
The Riyal is pegged to the U.S. Dollar at a fixed rate of 1 USD = 3.64 QAR.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- QAR
- Symbol
- ر.ق
- Numeric Code
- 634
- Subunit
- Dirham (1/100)
- Introduced
- 1973-01-01
Central Bank
- Name
- Qatar Central Bank
- Headquarters
- Doha, Qatar
- Founded
- 1973
- Current Governor
- Bandar bin Saud Al Thani (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.3%
- Interest Rate
- 6.25%
Exchange Rates
What Affects the QAR Exchange Rate?
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