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Saudi Arabia
Dinar; Ghirsh; Guinea; Halala; Riyal,
The riyal is the currency of Saudi Arabia. since the country
came in to being and was the currency of Hejaz before Saudi Arabia was
created.
In 1960, the system was changed to 20 ghirsh = 1 riyal and this was
followed in 1963 by the introduction of the halala, worth one hundredth
of a riyal.
Inthe fifties the Saudi
Arabian Monetary Agency began issuing Haj Pilgrim Receipts for 10
riyals with 1 and 5 riyals following that largely replaced
silver riyal coins in major financial transactions. Consequently, the
Monetary Agency began issuing regular banknotes for 1, 5, 10, 50 and 100
riyal in the sixties.
500 Riyal notes were introduced in the eighties followed by 20 and 200 riyal banknotes
for the centenary of the Kingdom of Saudi Arabia.
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