QAR

Qatari Riyal

QAR is the official currency of Qatar. It is issued by the Qatar Central Bank and has been pegged to the US dollar since 2001.

The riyal is subdivided into 100 dirhams and is pegged at 3.64 QAR per USD. Qatar's vast natural gas reserves (the world's third largest) and sovereign wealth fund provide strong backing for the currency. The Qatar Central Bank maintains substantial foreign reserves.

Related Terms

USD

United States Dollar

USD is the official currency of the United States and its territories. It's the world's primary rese...

AED

United Arab Emirates Dirham

AED is the official currency of the United Arab Emirates. It has been pegged to the US dollar since ...

SAR

Saudi Riyal

SAR is the official currency of Saudi Arabia. It has been pegged to the US dollar since 1986, reflec...

BHD

Bahraini Dinar

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Qatar Central Bank

Qatar Central Bank is Qatar's central bank. It sets monetary policy, issues the QAR, and supports fi...

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