Historic Norwegian krone Saudi riyal

Norwegian krone saudi riyal history for December 2023. The highest quote for this month is 0.36856 (28/12/2023) and the lowest 0.37331 (25/12/2023). The difference between high and low is -1.29.

NOK SAR average rate for December 2023 is 0.35592, the change between 01/12/2023 and 31/12/2023 is -6.1 %.

01 December 20231 NOK = 0.3467 SAR
04 December 20231 NOK = 0.3514 SAR
05 December 20231 NOK = 0.3457 SAR
06 December 20231 NOK = 0.3429 SAR
07 December 20231 NOK = 0.3413 SAR
08 December 20231 NOK = 0.3448 SAR
10 December 20231 NOK = 0.3438 SAR
11 December 20231 NOK = 0.3442 SAR
12 December 20231 NOK = 0.3420 SAR
13 December 20231 NOK = 0.3420 SAR
14 December 20231 NOK = 0.3479 SAR
15 December 20231 NOK = 0.3569 SAR
18 December 20231 NOK = 0.3584 SAR
19 December 20231 NOK = 0.3605 SAR
20 December 20231 NOK = 0.3652 SAR
21 December 20231 NOK = 0.3622 SAR
22 December 20231 NOK = 0.3648 SAR
23 December 20231 NOK = 0.3677 SAR
24 December 20231 NOK = 0.3678 SAR
25 December 20231 NOK = 0.3686 SAR
26 December 20231 NOK = 0.3686 SAR
27 December 20231 NOK = 0.3700 SAR
28 December 20231 NOK = 0.3709 SAR
29 December 20231 NOK = 0.3679 SAR

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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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

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

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.