Currency Information on Saudi Riyal - SAR— Saudi riyal - ﷼
The word ‘riyal’ is similar in origins to the names of currencies in denominations of ‘rial’, they are both derived from the word ‘real, which is also used in the names of some currencies. The word is of Spanish origin and means ‘royal’.
The Saudi riyal has been the country’s currency since the country’s origin, even before it was named ‘Saudi Arabia’.
One riyal subdivides into 100 halalah, and coins are available in denominations of 5, 10, 25, 50 and 100 halalah, banknotes are issued in denominations of 1, 5, 10, 50, 100 and 500 riyals.
I run a local delicatessen business in Surrey. Many of my artisan suppliers are based in Italy, Spain and France. We are always making payments to these suppliers and knowing we are getting the best rates is vitally important for us; our margins are tight and any savings are crucial for the success of our business.
Comment written by Artisan supplier based in Italy.
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