Definition

Noun: The Qatari riyal is the official currency and basic unit of money in the State of Qatar. It is issued by the Qatar Central Bank.

Usage

The term "Qatari riyal" is used to refer to the currency itself, its value, or specific amounts of money in Qatar. * Prices in Qatar are listed in Qatari riyals. * The hotel room costs 500 Qatari riyals per night. * The value of the Qatari riyal is pegged to the US dollar.

Advanced Usage

• Currency Code: In international finance, the Qatari riyal is represented by the ISO code QAR.
  • The transfer was made for an amount of 10,000 QAR.
• Subdivision: The riyal is subdivided into 100 smaller units called dirhams.
  • The total came to 75 riyals and 50 dirhams.

Variants and Related Words

• Riyal (Noun): Often used as a shortened, informal form when the context clearly refers to Qatar.
  • How many riyals do I need for the taxi?
• QR (Abbreviation): A common written abbreviation used locally, often preceding the numerical amount.
  • The price is QR 100.

Synonyms

• Qatari currency: A more general descriptive term.
• QAR: The official three-letter currency code.

Notes

• The Qatari riyal has a fixed exchange rate. It is not a freely floating currency.
• The term specifically refers to the basic unit. For amounts less than one riyal, the subunit "dirham" is used.

Noun

1. the basic unit of money in Qatar