Like most of the countries, Qatar also has its own currency.
Qatari Riyal is the
Qatar currency. Qatar money that is Qatari Riyal is equivalent to 100 dirhams. There are denominations in notes as QAR 50, 10, 500, 100, 5 and 1. There are denominations in coins of
Qatar money also. These are 10, 5, 50, 25, and 1 dirham. However, except 50 and 25 coins in the denomination of the Qatar money, others are not in wide circulation. The money of Qatar or Qatari Riyal is closely associated with the US Dollar. People in Qatar can avail ATM cards, debit and credit cards. Products of financial companies like Diners Club, American Express, Visa and MasterCard.
Qatar was using Indian rupees as its currency till 1966. They used the money in terms of Gulf rupees. After devaluation of Indian rupee in 1966, Qatar and other countries using rupee brought their own individual currency into work. Qatar introduced Saudi Riyal in the beginning. After that, Qatar and Dubai Riyal were introduced. It was 1973 when Qatar introduced a new series of
Qatar money which were Qatar coins. The sizes and composition were the same as earlier coins. The only difference was the name of Qatar on the coins was engraved. The notes were also revised. The issuance of paper money was taken over by the Qatar Central Bank or QCB in 1996.
The following links will provide more information about
Qatar Money:
