QATAR

(QAR) Currency News >>

CURRENCY:

Qatari Riyal - QAR, Symbol QR

DENOMINATIONS:

NOTE: QR500, 100, 50, 10, 5 and 1.

COIN: 50 and 25 dirhams.

Please note that The Qatari Riyal is tied to the US Dollar.

US DOLLAR ACCEPTED?

N/A

CREDIT/DEBIT CARDS AND ATMS:

All major credit cards are easily and widely accepted. ATM machines are also widely available.

CURRENCY EXCHANGE:

Currency exchange services are available at banks and rates should be competitive.

TRAVELLER'S CHEQUES:

Widely accepted and best in US dollars or Sterling.

BANKING HOURS:

Sun-Wed 0730-1200 and Thurs 7000-11.30. These hours vary and many banks open on Saturdays too.

CURRENCY RESTRICTIONS:

Israeli currency is prohibited.

COUNTRY OVERVIEW:

Qatar is officially called the State of Qatar and is an Arab emirate in South West Asia. Qatar was one of the first countries to convert to Islam. Its capital is Doha and the official language is Arabic.

POPULATION:

Around 1.5 million.

ECONOMY:

Qatar has the highest GDP per capita in the world due to its oil-rich status. Oil was discovered there in the 1940s, and before that the main elements of the economy were pearling and fishing. Now it has around 15 billion barrels of oil, and also exports natural gas.