Pound Sterling to Qatari Rial — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.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