QAR (Qatari Riyal)

Filed Under »
Dictionary Says

Definition of 'QAR (Qatari Riyal)'

The currency abbreviation for the Qatari riyal (QAR), the currency for Qatar, an Arab emirate located along the coast of the Arabian Peninsula. The Qatari riyal is made up of 100 dirham and is often presented with the symbol QR in English. The riyal has been pegged in practice with the U.S. dollar since 1980 at a rate of 1 U.S. dollar to 3.64 Qatari riyal; the rate became official in 2001.
Investopedia Says

Investopedia explains 'QAR (Qatari Riyal)'

The Qatari riyal replaced the Qatar and Dubai riyal in 1973, when Dubai entered into the United Arab Emirates. At this time, Qatar began to issue its riyal separately. The joint currency came into force in 1966, at which time the previous currency, the Indian rupee, was replaced due to India's devaluation of its currency.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Authorized Forex Dealer

    Any type of ...

  2. Base Currency

    The first ...

  3. Currency

    A generally ...

  4. Currency Pair

    The quotation ...

  5. Forex - FX

    The market in ...

  6. Forex Futures

    An ...

  7. Quote Currency

    The second ...

  8. ANG (Netherlands Antilles Guilder)

    The currency ...

  9. SIT

    In currencies, ...

  10. INR (Indian Rupee)

    The currency ...

Articles Of Interest

  1. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  3. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  4. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  5. Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  6. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center