Pound Sterling to Saudi Arabian Riyal — 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: Saudi Arabia

Currency Code, Symbol: SAR, SAR

Denominations of coins in circulation: 1, 5, 10, 25, 50 halalas, 1 riyal, 2 riyals

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

History: The Saudi riyal (SR) is a currency circulating only within the Kingdom of Saudi Arabia. It is not accepted outside the state. On the international exchange market, it is known as SAR.Halalah is used as change for the Saudi riyal. One SAR equals 100 halalas. The currency has been issued since 1928 after eliminating the Gulf rupee. Officially, there are smaller denomination coins – halalas. However, in cash payment, they are not used anymore. All prices are rounded to riyals.Read More