Qatar currency Timeline, Exchange rate & all about Qatari riyal

Get the latest 1 British Pound to Qatari Riyal rate for FREE with the original Universal Currency Converter. Set rate alerts for GBP to QAR and learn more about British Pounds and Qatari Rials from XE – the Currency Authority.. Quick Conversions from Qatari Riyal to United States Dollar : 1 QAR = 0.2740109 USD. Currency converter to convert from Qatari Riyal (QAR) to United States Dollar (USD) including the latest exchange rates, a chart showing the exchange rate history for the last 120-days and information about the currencies.

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The Qatari riyal (QAR) is the official currency of Qatar, a country located in the Middle East. Here are a few things to know about the Qatari riyal: The Qatari riyal has been pegged to the US dollar (USD) at a rate of QR3.64 per US$1 since 1980. (1 QAR = 0.275 USD) The Qatari riyal is abbreviated as QAR and is divided into 100 dirhams.. History. Until 1966, Qatar used the Indian rupee as its currency, in the form of Gulf rupees.When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency.. Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal following the signing of the Qatar-Dubai Currency Agreement on 21 March.