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Saudi Riyal is the only official Saudi Arabia currency that is in operation within the kingdom. The currency structure of Saudi Arabia shows that each Saudi Riyal has been divided into one hundred Halalah. The currency format of Saudi Arabia resembles the Indian currency in its structure, where 1 Riyal equals 100 Halalahs. The Riyals are actually bills and are obtained in bill notes of 1, 5, 10, 20, 50, 100, 200 and 500. The Halalahs are coins, which are found in denominations of 5, 10, 25, 50 and 100. Saudi Arabia currency has been maintaining a fixed exchange rate with the US currency since the July of 1986. At present SR3.75 equals $1.00 of the US.
Currency exchange within the Saudi Arabian kingdom is not much of a problem because, exchange counters can be found at all commercial banks across the country. Most of the established credit and debit cards are accepted within the Saudi Arabian economy. However, it is always advisable that foreigners carry adequate exchange money in Saudi Riyals so as to avoid additional exchange rates. Currency of all foreign nations can be freely imported into and exported from Saudi Arabia, but Israeli currency is prohibited in the country.
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