QAR

Business & Finance abbreviation · Currency

QAR
Stands forQatari riyal
CategoriesBusiness & Finance

QAR stands for Qatari riyal, a currency abbreviation.

Qatar's currency, issued by the Qatar Central Bank, pegged to the US dollar at 3.64 riyals and divided into 100 dirhams.

Example: The taxi from the airport to West Bay costs about QAR 60.

Usage notes

Qatar introduced its own riyal in 1973, replacing the Qatar and Dubai riyal shared with Dubai. Huge liquefied natural gas exports underpin the peg. A new banknote series celebrating Qatari heritage was issued in 2020.

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Edited by the AbbreviationList.com team. Spotted an error or a missing meaning? Contact us.