SAR

Saudi Riyal

SAR is the official currency of Saudi Arabia. It has been pegged to the US dollar since 1986, reflecting the country's oil-based economy.

The Saudi riyal is managed by the Saudi Central Bank. As the world's largest oil exporter, Saudi Arabia's currency stability is crucial for global oil markets, which are priced in US dollars.

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 ...

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