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Qatar - Riyal
"Qatar was considered to be a dependency of Bahrain until September 12, 1868 when Muhammad ibn Thani signed a treaty with Britain establishing Qatar as an independent state. Following the outbreak of the First World War in August 1914, the United Kingdom displaced Ottoman influence. On November 3, 1916, Qatar agreed to British protection, on the model of the Trucial States (now the United Arab Emirates). Qatar, together with nearby Bahrain, was scheduled to join with the seven emirates of the Trucial Coast to form the United Arab Emirates when the United Kingdom ended its military presence in the Persian Gulf area in 1971. On October 22, 1969, Qatar became part of the Federation of Arab Emirates, which was constituted from the Trucial States, Qatar, and Bahrain. However, both Bahrain and Qatar decided to become independent. Qatar achieved independence from the United Kingdom on 1 September 1971. The State of Qatar was established on September 3, 1971.
Hellenistic coins were used in Qatar during the third century BC. Iranian and Iraqi coins were used during Islamic times, but the first coins were not produced locally until 1966.
In the Arabian Peninsula, gold and silver coins, particular gold British sovereigns and silver Maria Theresa thalers were widely used into the 1960s even after local note currencies and coins were established. Indian Rupees (INR) circulated in Qatar until April 28, 1959, when the Persian Gulf Rupee (XPGR), issued by the Reserve Bank of India, was created for use in the Persian Gulf. India devalued its Rupee on June 6, 1966 which affected the value of the Gulf Rupee, forcing the states using the Gulf Rupee to introduce their own currency. On June 16, 1966, the Saudi Riyal (SAR) replaced the Gulf Rupee as the medium of exchange. The Qatar and Dubai Currency Board introduced the Qatar-Dubai Riyal (XQDR) at par with the Saudi Riyal on September 17, 1966. The Qatar-Dubai Riyal remained the medium of exchange while Qatar was part of the Federation of Arab Emirates. After the State of Qatar was established in 1971, Qatar issued its own Riyal currency (QAR).
Qatar, Bahrain, and the United Arab Emirates had an interchangeability agreement for bank notes starting apparently on 28 January 1978. The rates of interchange were 10 Qatari riyals = 1 Bahrain dinar = 10 United Arab Emirates dinars, up to 5,000 Qatari riyals, 500 Bahrain dinars, or 5,000 United Arab Emirates dinars. The agreement lapsed on 5 May 1979 after Qatar revalued its currency.
The Qatar Monetary Agency issued banknotes from 1973 until 1996, and the Qatar Central Bank began issuing banknotes in 1996. The Riyal is divisible into 100 Dirhem."
Central Bank Website
Sources: http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Qatar
www.worldpapermoney.org/qatar.htm
Hellenistic coins were used in Qatar during the third century BC. Iranian and Iraqi coins were used during Islamic times, but the first coins were not produced locally until 1966.
In the Arabian Peninsula, gold and silver coins, particular gold British sovereigns and silver Maria Theresa thalers were widely used into the 1960s even after local note currencies and coins were established. Indian Rupees (INR) circulated in Qatar until April 28, 1959, when the Persian Gulf Rupee (XPGR), issued by the Reserve Bank of India, was created for use in the Persian Gulf. India devalued its Rupee on June 6, 1966 which affected the value of the Gulf Rupee, forcing the states using the Gulf Rupee to introduce their own currency. On June 16, 1966, the Saudi Riyal (SAR) replaced the Gulf Rupee as the medium of exchange. The Qatar and Dubai Currency Board introduced the Qatar-Dubai Riyal (XQDR) at par with the Saudi Riyal on September 17, 1966. The Qatar-Dubai Riyal remained the medium of exchange while Qatar was part of the Federation of Arab Emirates. After the State of Qatar was established in 1971, Qatar issued its own Riyal currency (QAR).
Qatar, Bahrain, and the United Arab Emirates had an interchangeability agreement for bank notes starting apparently on 28 January 1978. The rates of interchange were 10 Qatari riyals = 1 Bahrain dinar = 10 United Arab Emirates dinars, up to 5,000 Qatari riyals, 500 Bahrain dinars, or 5,000 United Arab Emirates dinars. The agreement lapsed on 5 May 1979 after Qatar revalued its currency.
The Qatar Monetary Agency issued banknotes from 1973 until 1996, and the Qatar Central Bank began issuing banknotes in 1996. The Riyal is divisible into 100 Dirhem."
| Date | Pick# | Denomination | Observations | Obverse | Reverse |
| 1996 | 14s | 1 Riyal |  |  | |
| 1996 | 15s | 5 Riyals |  |  | |
| 1996 | 16s | 10 Riyals |  |  | |
| 1996 | 17s | 50 Riyals |  |  | |
| 1986 | 18s | 100 Riyals |  |  | |
| 1986 | 19s | 500 Riyals |  |  | |
| 2003 | 20s | 1 Riyal |  |  | |
| 2003 | 21s | 5 Riyals |  |  | |
| 2003 | 22s | 10 Riyals |  |  | |
| 2003 | 23s | 50 Riyals |  |  | |
| 2003 | 24s | 100 Riyals |  |  | |
| 2003 | 25s | 500 Riyals |  |  | |
Central Bank Website
Sources: http://www.globalfinancialdata.com/index.php3?action=showghoc&country_name=Qatar
www.worldpapermoney.org/qatar.htm
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Latest page update: made by fxwiki007
, Jul 27 2007, 4:45 PM EDT
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