The Saudi Riyal (full Chinese name: Saudi Riyal, abbreviated as SAR) is the legal tender of Saudi Arabia. It is issued by the Saudi Arabia Monetary Bureau. The denominations of the banknotes include 1, 5, 10, 20, 50, 100, 200, and 500 rials.

The currency has been pegged to the U.S. dollar since 1986, and the ratio of 1 U.S. dollar to 3.75 rials remains stable.

The Saudi rial was promoted by King Abdul Aziz after the unification of the country, and silver coins were officially minted in 1938 after the discovery of oil.

In 1952, Saudi Arabia established the Financial Authority to be responsible for currency management. In 1953, the first batch of banknotes were issued to solve the pilgrims 'payment problem. After establishing a fixed exchange rate mechanism with the US dollar in 1986, Saudi Arabia continued to promote the construction of a cross-border financial system. In 2025, it will improve the international payment system through RMB cross-border settlement, gold futures delivery warehouses and joining the central bank's digital currency bridge project.

The Saudi Riyal (full Chinese name: Saudi Riyal, abbreviated as SAR) is the legal tender of Saudi Arabia. It is issued by the Saudi Arabia Monetary Bureau. The denominations of the banknotes include 1, 5, 10, 20, 50, 100, 200, and 500 rials.

The currency has been pegged to the U.S. dollar since 1986, and the ratio of 1 U.S. dollar to 3.75 rials remains stable.

In January 2023, the Saudi government announced that it was open to using currencies such as the euro, RMB and Saudi riyal to settle oil trade, and plans to include RMB futures contracts in the Saudi Aramco trading system.

The Saudi rial was promoted by King Abdul Aziz after the unification of the country, and silver coins were officially minted in 1938 after the discovery of oil.

In 1952, Saudi Arabia established the Financial Authority to be responsible for currency management. In 1953, the first batch of banknotes were issued to solve the pilgrims 'payment problem. After establishing a fixed exchange rate mechanism with the US dollar in 1986, Saudi Arabia continued to promote the construction of a cross-border financial system. In 2025, it will improve the international payment system through RMB cross-border settlement, gold futures delivery warehouses and joining the central bank's digital currency bridge project.