What is Saudi Riyal (SAR)?

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The **Saudi Riyal (SAR)** is the official currency of the Kingdom of Saudi Arabia, centrally managed by the Saudi Central Bank (SAMA), and is one of the world's most stable currencies due to its **hard peg** to the U.S. Dollar (USD) at a fixed rate of **3.75 SAR per 1 USD** since June 1986. This fixed exchange rate regime is a cornerstone of Saudi Arabia's monetary policy, providing stability for the world's largest oil exporter and facilitating international trade and investment.

Saudi Riyal (SAR)

What is Saudi Riyal (SAR)?

What is the significance of the Saudi Riyal's peg to the U.S. Dollar, and how is it maintained?

How does the Saudi Central Bank (SAMA) manage monetary policy under a fixed exchange rate regime?

Why is the fixed exchange rate of the Saudi Riyal important for foreign investment and economic stability?

When did the Saudi Riyal's current exchange rate peg begin, and what is its historical context?

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