The Qatari riyal, riyal of Qatar or rial of Qatar (ISO code QAR) is since 1967 the official currency of Qatar. The riyal is issued by the Central Bank of Qatar. A Riyal is divided into 100 dirhams.
Before carrying out a reform, the Saudi riyal was used for a short period of time, until finally the riyal was introduced in Qatar and Dubai.
The Saudi riyal was set at 1,065 rupees, while the Qatari riyal was set on a 1 to 1 exchange rate with the Rupee before its devaluation.
Until 1973, Qatar and Dubai jointly issued the riyal. However, after the incorporation of Dubai to the UAE, Qatar continued issuing the riyal and Dubai adopted the emiral dirham.
Banknotes and coins of the Qatari riyal in use
Currently, you can find in circulation in Qatar coins of 1, 5, 10, 25 and 50 dirhams.
As for Qatari riyal bank notes, you can find them of 1, 5, 10, 50, 100 and 500 riyals. The colors of the new editions of Qatari notes are blue (1 and 500 Riyal bills), green (5 and 100 Riyals), brown (10 Riyals), pink (50 Riyals) and green (100 Riyals).
Did you know?
- Until 1966, Qatar managed the rupee of the Gulf as country currency. But when India devalued its Rupee, Qatar and other nearby territories decided to issue their own currencies. At this time Qatar and Dubai issued their coins together.
Date of issue:
Central Bank of Qatar
Why change currency with us rather than your bank
|Global Exchange||Your high-street bank|
|Variety of currencies||48. We are specialists.||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Immediate availability of currencies in our airport branches (find us at Istambul and Antalya International Airports). Click and collect or walk in to our stores.||If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can have the money on your hands.|
|Expenses||We only charge the exchange rate, without commissions. If you book online you have the best price.||The bank sets its own margin plus a commission.|
|Different denominations available||At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Order online to benefit from a price reduction and collect at the branch of your choice.||You’ll have to go first to your bank to order the currency you need. Then wait some days. Finally go back to your branch again to collect it.|