Historic Indian Rupee Saudi riyal

Indian Rupee saudi riyal history for February 2024. The highest quote for this month is 0.045249 (24/02/2024) and the lowest 0.045249 (24/02/2024). The difference between high and low is 0.

INR SAR average rate for February 2024 is 0.04515, the change between 01/02/2024 and 29/02/2024 is -0.19 %.

01 February 20241 INR = 0.0451 SAR
02 February 20241 INR = 0.0452 SAR
03 February 20241 INR = 0.0452 SAR
04 February 20241 INR = 0.0452 SAR
05 February 20241 INR = 0.0452 SAR
06 February 20241 INR = 0.0451 SAR
07 February 20241 INR = 0.0451 SAR
08 February 20241 INR = 0.0451 SAR
09 February 20241 INR = 0.0451 SAR
12 February 20241 INR = 0.0451 SAR
13 February 20241 INR = 0.0451 SAR
14 February 20241 INR = 0.0451 SAR
15 February 20241 INR = 0.0451 SAR
16 February 20241 INR = 0.0451 SAR
18 February 20241 INR = 0.0452 SAR
19 February 20241 INR = 0.0451 SAR
20 February 20241 INR = 0.0451 SAR
21 February 20241 INR = 0.0452 SAR
22 February 20241 INR = 0.0452 SAR
23 February 20241 INR = 0.0452 SAR
24 February 20241 INR = 0.0452 SAR
25 February 20241 INR = 0.0452 SAR
26 February 20241 INR = 0.0452 SAR
27 February 20241 INR = 0.0452 SAR
28 February 20241 INR = 0.0452 SAR
29 February 20241 INR = 0.0452 SAR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.