QARQatari RiyalQatari Riyal (QAR)
The Qatari riyal is Qatar's national currency and the unit used across an energy-exporting Gulf economy.
- ISO code
- QAR
- Symbol
- ر.ق
- Region
- Middle East
- Currency type
- Fiat currency
- Exchange system
- Pegged to the US dollar
- Last reviewed
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QAR converter
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Quick facts
QAR at a glance
Currency profile
How QAR works
The Qatari riyal is Qatar's national currency and the unit used across an energy-exporting Gulf economy.
Qatar Central Bank issues riyal currency and uses the fixed U.S.-dollar parity as the nominal anchor for monetary policy.
- QAR is divided into 100 dirhams and has a formal parity of 3.64 riyals per U.S. dollar.
- The present national riyal succeeded the earlier Qatar-Dubai riyal after the regional political transition of the early 1970s.
Context
Why this currency matters
QAR shows how a small open energy economy can use a fixed dollar parity as its monetary anchor. The 3.64 policy rate explains the official framework, while a provider's dated QAR conversion remains a separate reference calculation and may not reproduce a retail transaction quote.
Monetary framework
Exchange arrangement
QAR has an official fixed parity of 3.64 Qatari riyals per U.S. dollar. CurrencyHub's dated provider conversion is separate from that formal monetary-policy anchor.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for QAR
Qatar-Dubai riyal introduced
Qatar and Dubai introduced a shared riyal after the Gulf rupee's devaluation.
Qatar Central Bank - monetary policy toolsQatari riyal introduced
Qatar issued its own national riyal after Dubai entered the United Arab Emirates.
Qatar Central Bank - monetary policy toolsUSD parity formalized
Amiri Decree No. 34 formally set the Qatari riyal at 3.64 per U.S. dollar.
Qatar Central Bank - monetary policy tools
Usage and economy
How QAR is used
- Prices, wages and payments in Qatar.
- Gulf commerce and comparisons with AED, SAR, KWD and BHD.
Country currency guides
Banknotes and coins
QAR currency units
Qatar Central Bank documents the Qatari riyal banknotes issued for circulation.
Qatar Central Bank documents riyal and dirham coins within the national currency system.
One Qatari Riyal unit is recorded with 2 decimal places and uses Dirham as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
Currency topics
FAQ
QAR questions
Why is QAR linked to USD?
Qatar Central Bank uses the 3.64 QAR per USD parity as the nominal anchor for the country's monetary policy.
What currency preceded the Qatari riyal?
The Qatar-Dubai riyal circulated before Qatar introduced its separate national riyal in 1973.
Are QAR and SAR the same riyal?
No. Qatar's QAR and Saudi Arabia's SAR have separate issuers, monetary systems and ISO codes.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.