Learn about the Saudi Riyal (SAR), its symbol ر.س, and its role as the official currency of Saudi Arabia. Get currency info, exchange rates, and detailed insights.

The Saudi Riyal (SAR) is the official currency of Saudi Arabia. It is divided into 100 halalas and is pegged to the U.S. dollar at a fixed rate. The riyal is widely used in regional trade and is central to the world’s oil market, given Saudi Arabia’s role as the largest oil exporter.

• Economic Position: Saudi Arabia has the largest economy in the Middle East and ranks among the top 20 globally.

• Key Drivers: Oil and gas dominate the economy, alongside growing sectors like tourism, finance, and infrastructure.

• Global Trade: The riyal is significant due to Saudi oil exports, which are priced globally in U.S. dollars.

• Memberships: Saudi Arabia is a member of OPEC, WTO, IMF, and G20.

• Imports and Exports: Imports include machinery, vehicles, and food. Exports are led by crude oil, petrochemicals, and refined products.

• Economic Outlook: The currency is stable, supported by its peg to the U.S. dollar and government economic reforms under Vision 2030.