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Currency Profile
The Qatari riyal is the official currency of the State of Qatar.
It is divided into 100 dirhams and is abbreviated as QR (English) or ﷼ (Arabic).
The Qatari riyal was introduced in 1973 to replace the Gulf rupee, a currency used by the British Protectorate States in the Gulf.
Until the 1960s, the Indian Rupee was used in Qatar.
The Qatari riyal is pegged to the US dollar at a rate of QR$= $0.2722. This peg has been in place since 2001.
The Qatari Rial is not currently available to be converted online, you'll need to call the team when you want to make a conversion
With the World Cup taking place in Qatar between November and December 2022, it’s the perfect opportunity to take a deeper dive into the currency
When you hear the term ‘Currency Union’ you probably think: Euro. Most people would. It’s by far the most high profile and successful monetary union.