Saudi Riyal (SAR) Profile
Users:
The Saudi Riyal (SAR) is the official currency of the Kingdom of Saudi Arabia. It is the legal tender used for all transactions within the country.
History:
The Saudi Riyal was introduced as the official currency of Saudi Arabia in 1935. Prior to the Riyal, various currencies were used in the region, including the Indian Rupee and the Ottoman Turkish Lira. However, in 1935, the Saudi Arabian Monetary Authority (SAMA) was established, and the Riyal was introduced as a standardized currency for the kingdom.