The currency used in Saudi Arabia is the Saudi riyal, abbreviated as SAR. The riyal is divided into 100 halalas and has been the official currency since the country’s establishment. The Saudi riyal is pegged to the US dollar, providing a stable economic framework in the region, which is largely driven by oil revenues. Banknotes and coins feature images of King Abdulaziz, the Founder of modern Saudi Arabia, and other national symbols. The riyal is essential for local transactions, trade, and tourism within the kingdom.