Historic Saudi riyal Pound sterling

Saudi riyal pound sterling history for December 2023. The highest quote for this month is 0.21342 (13/12/2023) and the lowest 0.21259 (10/12/2023). The difference between high and low is 0.39.

SAR GBP average rate for December 2023 is 0.2108, the change between 01/12/2023 and 31/12/2023 is +0.77 %.

01 December 20231 SAR = 0.2113 GBP
03 December 20231 SAR = 0.2098 GBP
04 December 20231 SAR = 0.2097 GBP
05 December 20231 SAR = 0.2113 GBP
06 December 20231 SAR = 0.2120 GBP
07 December 20231 SAR = 0.2127 GBP
08 December 20231 SAR = 0.2120 GBP
10 December 20231 SAR = 0.2126 GBP
11 December 20231 SAR = 0.2124 GBP
12 December 20231 SAR = 0.2126 GBP
13 December 20231 SAR = 0.2124 GBP
14 December 20231 SAR = 0.2114 GBP
15 December 20231 SAR = 0.2090 GBP
17 December 20231 SAR = 0.2104 GBP
18 December 20231 SAR = 0.2104 GBP
19 December 20231 SAR = 0.2110 GBP
20 December 20231 SAR = 0.2096 GBP
21 December 20231 SAR = 0.2112 GBP
22 December 20231 SAR = 0.2104 GBP
24 December 20231 SAR = 0.2101 GBP
25 December 20231 SAR = 0.2103 GBP
26 December 20231 SAR = 0.2099 GBP
27 December 20231 SAR = 0.2095 GBP
28 December 20231 SAR = 0.2086 GBP
29 December 20231 SAR = 0.2097 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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

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

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

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.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

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.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
SAR GBP July 2023
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