Saudi Arabia unveils currency symbol to promote financial status

February 21, 2025

The design, made up of Arabic calligraphy of the word riyal, will be implemented gradually for use in financial and commercial transactions, according to a statement from the country’s central bank. The Saudi riyal has been pegged to the US dollar since 1986 and is set at a fixed exchange rate of 3.75 riyals per $1.

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