The Qatari Riyal is the official currency of Qatar. It is denoted by the currency code QAR. The Riyal is subdivided into 100 dirhams. It is issued and regulated by the Qatar Central Bank.

The Qatari Riyal has been in circulation since 1973, when it replaced the Qatar and Dubai Riyal at a fixed exchange rate. The Riyal is widely accepted in Qatar for all transactions, both cash and electronic.

The Qatari Riyal is a stable currency, backed by the country's vast reserves of oil and natural gas. It is pegged to the US Dollar at a fixed exchange rate of 3.64 QAR to 1 USD. This peg ensures stability and helps to maintain confidence in the currency.

The Qatari Riyal is available in both coins and banknotes. The coins are available in denominations of 1, 5, 10, 25, and 50 dirhams, while the banknotes are available in denominations of 1, 5, 10, 50, 100, and 500 riyals.

In conclusion, the Qatari Riyal is an important symbol of Qatar's economic stability and prosperity. It plays a crucial role in facilitating trade and commerce within the country and is widely accepted by businesses and individuals alike.

Below is the related paper currencies in Qatari Riyal.

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