Saudi Arabian Riyal (Noun)
Meaning
The basic unit of money in Saudi Arabia.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Saudi Arabian riyal is the official currency used for transactions in Saudi Arabia.
- In Saudi Arabia, prices of goods and services are usually quoted in Saudi Arabian riyal.
- Tourists visiting Saudi Arabia need to exchange their currency for the Saudi Arabian riyal to pay for expenses.
- One US dollar is equivalent to approximately 3.75 Saudi Arabian riyal, though exchange rates can fluctuate.
- Since the value of the Saudi Arabian riyal is pegged to the US dollar, exchange rates tend to remain relatively stable.