Monetary unit of Saudi Arabia:
The Saudi riyal (Arabic: ريال سعودي riyāl suʿūdiyy) is the currency of Saudi Arabia.
It is abbreviated as ر.سSAR, or SR (Saudi Arabian Riyal/Saudi Riyal).
It is subdivided into 100 halalas (Arabic: هللة Halalah).
The currency is pegged to the US dollar at a constant rate of exchange.
In 1960, the system was changed to 20 qirsh to a riyal, which was followed in 1963 by the introduction of the halala, one hundredth of a riyal.
Some Saudi coins still bear denominations in qirsh, but it is no longer commonly used.
In 1963, the halala was introduced, and bronze 1 halala coins were issued.
That was the only year they were struck.
Cupro-nickel 5, 10, 25 and 50 halala followed in 1972, inscribed with their denomination in ghirsh or riyal (1, 2 qirsh, 1⁄4, 1⁄2 riyal). In 1976, cupro-nickel 1 riyal coins were introduced, which are also inscribed with the denomination 100 halala.
Bimetallic 1 riyal coins, also marked 100 halala, were issued in 1999.
A new series of 1, 5, 10, 25, and 50 halalas and bimetallic 1 and 2 riyal coins was issued in 2016.
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