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|Date||Rate (in INR)|
Qatari Riyal is the official currency of the State of Qatar. The currency is represented by the symbol QR or ر.ق and by the ISO code QAR. The currency is subdivided into 100 Dirhams. The banknotes and coins are issued and circulated by the Qatar Central Bank. The banknotes issued ranges from 1 to 500 Riyals and coins from 1 to 50 Dirhams are issued by the Qatar Central Bank. The Qatar Riyal has an exchange value of 15-22 Indian Rupees. Find the live rates of Qatari Rial against Indian Rupee here.
Qatar is a sovereign Islamic state governed by an absolute monarchy. Like any Arab nation, Qatar also follows the Sharia Law. The country depends upon its huge reserves of fossil fuels making it one among the richest in the world. The economy is entirely based on the export of natural gases and oil. It is one of the nations with the highest per capita income in the world. The nation is governed by the Al Thani dynasty. The royal family exercises all its power even in the media. Qatar is the most developed among the Arab nations. There are many foreign nationals and Indians in Qatar that seek job opportunities. Most of the workforce in Arab nations are constituted by foreign nationals. The countries workforce in Industrial, service sector comprises mainly of foreigners except for government operations. The government does not impose any taxes on its residents except for those items that can be harmful to the body such as alcohol, tobacco, fast food etc.
One United States Dollar is equal to 3-4 Qatari Riyals. Being a petro currency, it is the oil prices that determine the value of the currency. Since a lot of Indians reside in Qatar for employment a significant amount of transactions are carried out in Qatari Rials in India. Hence banks and exchange houses accept and sell Qatari Rials.
|Symbol||QR or ر.ق|
|Sub Units||Dirham( 1 QR= 100 Dirhams)|
|Notes||1, 5, 10, 50, 100, 500 Riyals|
|Coins||1, 5, 10, 25, 50 Dirhams|
The Qatari Rial has high demand in India because of the Indian citizens residing in Qatar. ExTravelMoney.com can assist you in finding the exchange houses and banks in your region that converts Indian Rupee to Qatari currency. You can find out the various money changers and the exchange rate offered by them on our website. Place the order for the right one and wait for our customer care executive to contact you. Complete the order and make the payments online. There is even the option for the customer to request the vendor to deliver the forex to their home and pick up the KYC documents.
The Qatari Riyal can be exchanged almost anywhere in India. ExTravelMoney.com can help you find the right vendor to exchange QAR to Indian Rupee in your region. You can find the list of vendors along with the exchange rate they offer and place the order for the best exchange rate online. Shortly our customer care executive will contact you for confirming the order. You can even request the vendor to collect the forex from your location along with the KYC documents.
Now with the help of ExTravelMoney.com, you don’t have to walk into a store to send money abroad. You can send money from India to Qatar at your home using ExTravelMoney.com. We can help you in finding the right vendor for a wire transfer in your location. Place the order online and wait for our support team to contact you to complete the order. Make the payment online. The transaction will be completed within 3 days depending on the difference in time zones.
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