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.