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The Saudi Riyal is the currency of Saudi Arabia. It is abbreviated as SR and may be subdivided into 100 halalas.The Saudi riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created. In 1960, the system was changed to 20 qirsh to a riyal, which was followed in 1963 by the introduction of the halala, one hundredth of a riyal.
Petroleum was discovered in Saudi Arabia in 1938 and has since become the world's largest oil producer and exporter, controlling the world's second largest oil reserves and the sixth largest gas reserves. The kingdom is categorized as a World Bank high-income economy with a high Human Development Index and is the only Arab country to be part of the G-20 major economies.
If you are travelling to Saudi Arabia, try catch the annual Saudi Arabian national festival, Al-Jenandriyah. The King’s Cup is an epic camel race which takes place at the festival, and has 2,000 participants racing across a 19 km track!
The Saudi Riyal is the official currency of Saudi Arabia. The ISO 4127 currency code for the Saudi Riyal is SAR.