Saudi riyal jamaican dollar exchange rate history (SAR JMD) August 2023

Saudi riyal jamaican dollar history for August 2023. The highest quote for this month is 41.167 (03/08/2023) and the lowest 40.912 (16/08/2023). The difference between high and low is 0.62.

SAR JMD average rate for August 2023 is 40.83442, the change between 01/08/2023 and 31/08/2023 is -0.01 %.

01 August 2023	1 SAR = 40.85 JMD
02 August 2023	1 SAR = 40.80 JMD
03 August 2023	1 SAR = 41.12 JMD
04 August 2023	1 SAR = 40.85 JMD
07 August 2023	1 SAR = 40.52 JMD
08 August 2023	1 SAR = 40.80 JMD
09 August 2023	1 SAR = 40.80 JMD
10 August 2023	1 SAR = 40.77 JMD
11 August 2023	1 SAR = 40.79 JMD
12 August 2023	1 SAR = 40.95 JMD
14 August 2023	1 SAR = 40.93 JMD
15 August 2023	1 SAR = 40.81 JMD
16 August 2023	1 SAR = 40.79 JMD
17 August 2023	1 SAR = 40.95 JMD
18 August 2023	1 SAR = 40.94 JMD
19 August 2023	1 SAR = 40.90 JMD
20 August 2023	1 SAR = 40.88 JMD
21 August 2023	1 SAR = 40.64 JMD
22 August 2023	1 SAR = 40.80 JMD
23 August 2023	1 SAR = 40.85 JMD
24 August 2023	1 SAR = 40.87 JMD
25 August 2023	1 SAR = 40.66 JMD
28 August 2023	1 SAR = 40.92 JMD
29 August 2023	1 SAR = 40.88 JMD
30 August 2023	1 SAR = 40.81 JMD
31 August 2023	1 SAR = 40.86 JMD

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.

16/03/2015: Bank of Jamaica Act

The Bank of Jamaica Act was passed, granting the central bank greater autonomy in executing monetary policy and promoting financial stability.

12/02/2013: Currency devaluation

To stabilize the economy, the Jamaican Dollar was devalued by approximately 16.5% against major currencies.

28/11/2010: IMF agreement

Jamaica reached an agreement with the International Monetary Fund (IMF) for a financial support program to address economic challenges.

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.

30/04/1994: Foreign exchange liberalization

Jamaica lifted restrictions on foreign exchange, allowing for more flexible trade and investment opportunities.

25/03/1991: JMD devaluation

Due to economic pressures, the Jamaican Dollar was devalued by 33.3%, leading to an increase in the exchange rate.

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.

05/08/1971: Currency decimalization

Jamaica decimalized its currency, dividing the Jamaican Dollar into 100 cents instead of 20 shillings.

07/02/1969: Jamaican Dollar introduced

The Jamaican Dollar (JMD) was introduced as the official currency of Jamaica, replacing the Jamaican pound.

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.

Historic Saudi riyal Jamaican Dollar