The official currency of Saudi Arabia is the Saudi riyal (SAR), abbreviated as SR. It is issued by the Saudi Central Bank and is subdivided into 100 halalas. The riyal has been in circulation since 1925 and was pegged to the U.S. dollar at a rate of 1 USD = 3.75 SAR in 1986, a rate that remains in effect today . Banknotes are issued in denominations of 1, 5, 10, 50, 100, and 500 riyals, featuring portraits of the Saudi royal family and national landmarks. Coins are available in 5, 10, 25, 50 halalas, and 1 riyal denominations. The riyal's stability is closely tied to Saudi Arabia's oil exports, making it a key currency in the Middle East.
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