Before we get acquainted with everything related to the price of the Saudi riyal today, it is possible to first identify the beginning of the Saudi currency, as the history of the Saudi currency, the riyal, dates back to the era of King Abdulaziz.
And that is when the country was transferred from the Kingdom of Hejaz and Najd and its annexes to the Kingdom of Saudi Arabia.
Royal Decree No. 2716 was issued on September 22nd 1932.
The title was then given to the king of Saudi Arabia for the first time, but this title was not placed on the Saudi currency or the Saudi riyal currency until by 1935.
The Saudi new silver riyal and its parts of the half riyal and a quarter of the riyal category were among the currency rates today and the first thing that was put up after the unification of the country, in order to know the price of the Saudi riyal today in general.
The Saudi currency is covered with gold and is convertible into foreign currencies. There are also no restrictions on money transfers to and from the Kingdom.
It is worth noting that the Saudi riyal currency consists of 100 halalas as issued by the Saudi Arabian Monetary Agency.
The price of the Saudi riyal today against the price of the dollar
The price of the US dollar against the price of the Saudi riyal on Sunday was about 3.76 Saudi riyals.
This means that one US dollar in the price of the Saudi riyal today is equal to 3.76 riyals.
While knowing how much the Saudi riyal rate is made by clarifying that one Saudi riyal according to the currency rates in Saudi Arabia equals 0.27 dollars.
It should be noted that the Saudi currency is the main unit of currency within the Kingdom and the Saudi riyal price is monitored today to find out how much the Saudi riyal price per day.
How much is the Saudi riyal on the black market today?
The price of the Saudi riyal on the black market was able to approach the exchange rate of the Saudi riyal inside the banks as reported in the currency rates news today, the price of the Saudi riyal today.
The price of the Saudi riyal on the black market for purchase reached a value between 4.17 to 4.22 Egyptian pounds for purchase.
While the sale price of the Saudi riyal reached 4.19 to 4.24 Egyptian pounds.
The price of the Saudi riyal is now inside the Egyptian banks on Sunday
The price of the Saudi riyal has now registered a difference within most Egyptian banks, as the exchange rate of the Saudi riyal in the Central Bank of Egypt reached 4.15 pounds for purchase, and 4.18 pounds the price of the Saudi riyal currently sold.
The exchange rate of the Saudi riyal stabilized significantly today against the Egyptian pound compared to the prices on Saturday.
The best bank to sell the Saudi riyal to is the Egyptian Gulf Bank at 4.17 pounds, while Commercial International Bank is the best to buy from it at 4.19 EGP.
The price of the Saudi riyal in the National Bank or currency rates today
The price of the Saudi riyal today in the National Bank reached 4.14 Saudi riyals for purchase.
The value of the Saudi riyal in the National Bank amounted to 4.18 Saudi riyals for sale.
While remittances / the price of the Saudi riyal of purchase amounted to 4.16 Saudi riyals, and the remittances / exchange rate of the Saudi riyal of the sale reached 4.22 Saudi riyals.
Currency rates today Saudi Riyal price today
The price of the Saudi riyal has now increased against Arab and foreign currencies today, according to news in the Saudi riyal exchange rate news on Sunday.
There was a change in the pound sterling coin, which equals 4.70 Saudi riyals, after yesterday was equivalent to 4.39 Saudi riyals.
This is in addition to the Kuwaiti dinar currency, which is equal to 12.056 Saudi riyals, after yesterday it was 12.072 Saudi riyals.
While there was no change in the value of the euro against the Saudi riyal, as it is still valued at 4.11 Saudi riyals since Saturday.