Historic Azerbaijani manat Saudi riyal

Azerbaijani manat saudi riyal history for January 2024. The highest quote for this month is 2.2066 (15/01/2024) and the lowest 2.2041 (19/01/2024). The difference between high and low is 0.11.

AZN SAR average rate for January 2024 is 2.20423, the change between 01/01/2024 and 31/01/2024 is +0.01 %.

05 January 20241 AZN = 2.204 SAR
08 January 20241 AZN = 2.206 SAR
09 January 20241 AZN = 2.204 SAR
10 January 20241 AZN = 2.204 SAR
11 January 20241 AZN = 2.204 SAR
12 January 20241 AZN = 2.204 SAR
15 January 20241 AZN = 2.204 SAR
16 January 20241 AZN = 2.204 SAR
17 January 20241 AZN = 2.204 SAR
18 January 20241 AZN = 2.204 SAR
19 January 20241 AZN = 2.204 SAR
22 January 20241 AZN = 2.207 SAR
23 January 20241 AZN = 2.204 SAR
24 January 20241 AZN = 2.204 SAR
25 January 20241 AZN = 2.204 SAR
26 January 20241 AZN = 2.204 SAR
29 January 20241 AZN = 2.204 SAR
30 January 20241 AZN = 2.204 SAR
31 January 20241 AZN = 2.204 SAR

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

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.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

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.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

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

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

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

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.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.

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.

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.