Euro to Qatari Rial — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Qatar

Currency Code, Symbol: QAR, QR

Denominations of coins in circulation: 1, 5, 10, 25, 50 dirhams

Denominations of banknotes in circulation: 1, 5, 10, 50, 100, 500 riyals

History: The Qatari riyal (QR) is the official currency issued and accepted within the emirate-state of Qatar. Foreign currency exchange refers to it as QAR. The Qatari riyal is subdivided into dirhams.Every QAR has 100 dirhams. The currency appeared in 1973 replacing the previous currency – the Qatar and Dubai riyal. This necessity to issue its own value was due to the fact that Dubai joined the United Arab Emirates. In 2017, the currency suffered from a large-scale inflation. However, the rate has stabilized itself.Read More