Historic Pakistani rupee Saudi riyal

Pakistani rupee saudi riyal history since 15/10/2024 until today (0 years). Search for PKR to SAR exchange rate history for a particular date, month or year.

is the currency (supplied by State Bank of Pakistan and the currency supplied by Saudi Arabian Monetary Agency. The PKR SAR historical data can be seen on the Pakistani rupee saudi riyal historical chart.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

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.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

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

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

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

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.

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.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

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.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.

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.