Saudi Riyal is the official currency of the Kingdom of Saudi Arabia. The currency is
represented by the symbol SR or ر.س and by the ISO code SAR. The currency is
subdivided into 100 Halalah. The banknotes and coins are issued by the Saudi Arabian
Monetary Authority. The banknotes range from 5 to 500 riyals and coins from 1 to 50
halalahs and 1, 2 riyals are issued by the Saudi Arabian Monetary Authority. The
Saudi Riyal has an exchange value of 15-20 Indian Rupees. The Saudi Riyal is popular
in India due to a large number of NRI citizens working in Saudi Arabia. Since there
are not many skilled Saudi citizens contributing to the labour force. The majority
of the foreign workers in Saudi Arabia is from India. Hence the Indian banks and
exchange houses accept and exchange Saudi Riyal.