Saudi Arabian Monetary Unit (Noun)
Meaning
Monetary unit in Saudi Arabia.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Saudi Arabian monetary unit is called the Saudi riyal and is subdivided into 100 halalas.
- The government issues the Saudi Arabian monetary unit through the Saudi Arabian Monetary Authority.
- As of 2022, the Saudi Arabian monetary unit ranks as one of the top currencies globally in terms of exchange value.
- In an effort to curb inflation the government announced a freeze on increasing the value of the Saudi Arabian monetary unit.
- The Saudi Arabian monetary unit is pegged to the US dollar, as per a long-standing monetary policy decision.