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LOCAL CURRENCY IN QATAR

Need to know how much is your money worth in Qatar? The currency used in Qatar is called Rial.

The Qatari Rial is issued and managed by the Qatar Central Bank. To find out the current currency exchange rates for Rial to other major currencies of the world, click on foreign currency rates.

Qatari Currency Information
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The currency used in Qatar is called as the Rial. This currency is denoted with the currency sign QR or ?.? and the ISO 4217 Code for the Qatari Rial is QAR. The Rial, is the official currency of the Qatar . It is divided into 100 smaller units called dirham.

The constitution of Qatar provides that the Qatar government shall have the power to print the Qatari Rial and dirham coins to be used as a legal tender in Qatar. The Qatari Rial bank notes and Dirham coins are both designated as "legal tender" in payment of debts.

The Qatari Rial bill uses the decimal system, consisting of 100 equal units.

The symbol QR or ?.?, usually written before the numerical amount, is used for the Qatari Rial.

Currently printed bank notes denominations are 1, 5, 10, 50, 100, 500 riyal and the coins are minted in the denominations of 1, 5, 10, 25, 50 dirham .

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The Effect of Balance of Trade and Investment on the Value of Qatari Rial
Financial analysts regularly cite the balance of trade and investment in Qatar as the most important influence on the value of the Rial. The difference between what the Qatar exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Rial exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Rial exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Qatari Rial.
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