The system remained even though the riyal was subsequently debased to a coin equivalent, in silver content, to the Indian rupee in 1935. Thus, because the first Saudi riyal had the same specifications as the Hejaz riyal and circulated alongside Ottoman coins, it came to be worth 22 Ottoman kuruş and was consequently subdivided into 22 ghirsh when coins denominated in qirsh were issued from 1925. However, although the Hejaz riyal was the same weight as the Ottoman 20 kuruş, it was minted in. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh.
The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. Therefore, Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.See also: British currency in the Middle East All CFDs (stocks, indexes, futures) and Forex and cryptocurrency prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.
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