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About Qatari Rial (QAR)
The Qatari Rial (QAR), introduced in 1973, is more than just the official currency of Qatar; it is a testament to the nation's economic growth, wealth, and cultural heritage. It is commonly abbreviated as QAR and represented by the symbol ر.ق. Emerging after Qatar gained independence from the British, the Rial replaced the Qatar and Dubai Riyal and marked a new chapter in the country's burgeoning financial landscape.
Historical Background
The introduction of the Qatari Rial was a crucial step in Qatar's journey towards economic self-sufficiency and sovereignty. The currency's establishment coincided with the rapid development of Qatar's oil and gas sectors, propelling the nation into economic prominence. The Rial symbolized not only a new monetary system but also Qatar's emergence as a significant player in the global economy.
Design and Symbolism
The design of the Qatari Rial is a reflection of Qatar's rich history and cultural identity. Banknotes feature imagery of the Qatari flag, traditional dhow boats, and prominent landmarks like the Museum of Islamic Art. These designs serve not only as a medium for financial transactions but also as symbols of Qatar's blend of tradition and modernity, showcasing its journey from a pearling economy to a global energy powerhouse.
Economic Role
The Qatari Rial plays a central role in the nation’s economy, underpinned by one of the world’s largest reserves of oil and natural gas. The currency is instrumental in facilitating trade, both domestically and internationally, and supports various sectors including finance, construction, and a growing service industry.
Monetary Policy and Stability
Managed by the Qatar Central Bank, the Rial is pegged to the US Dollar, reflecting the economic relationship between Qatar and the United States, particularly in the oil sector. This peg provides stability to the Rial, crucial in an economy heavily reliant on hydrocarbon exports, and helps to manage inflation.
International Trade and the Qatari Rial
The stability of the Qatari Rial is vital in international trade, particularly for Qatar's exports of liquefied natural gas (LNG) and petroleum products. A stable Rial is essential for maintaining competitive pricing in global markets and for attracting foreign investment in various sectors.
GARY to KGS conversion rate trend
GARY to KGS market statistics
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Current GARY to KGS exchange rate
Gary to Qatari Rial is rising this week.GARY to KGS Conversion tables
The exchange rate of Gary is increasing.GARY to KGS
KGS to GARY
GARY to KGS Today vs. 24 hours ago
Amount | 13:27 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GARY | с10.22 | с10.7 | -4.49% |
1 GARY | с20.45 | с21.41 | -4.49% |
5 GARY | с102.24 | с107.05 | -4.49% |
10 GARY | с204.48 | с214.1 | -4.49% |
50 GARY | с1,022.4 | с1,070.48 | -4.49% |
100 GARY | с2,044.81 | с2,140.96 | -4.49% |
500 GARY | с10,224.05 | с10,704.79 | -4.49% |
1000 GARY | с20,448.1 | с21,409.59 | -4.49% |
GARY to KGS Today vs. 1 month ago
Amount | 13:27 today | 1 month ago | 1M change |
---|---|---|---|
0.5 GARY | с10.22 | с8.43 | +21.34% |
1 GARY | с20.45 | с16.85 | +21.34% |
5 GARY | с102.24 | с84.26 | +21.34% |
10 GARY | с204.48 | с168.52 | +21.34% |
50 GARY | с1,022.4 | с842.59 | +21.34% |
100 GARY | с2,044.81 | с1,685.18 | +21.34% |
500 GARY | с10,224.05 | с8,425.89 | +21.34% |
1000 GARY | с20,448.1 | с16,851.78 | +21.34% |
GARY to KGS Today vs. 1 year ago
Amount | 13:27 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GARY | с10.22 | с5.07 | +101.79% |
1 GARY | с20.45 | с10.13 | +101.79% |
5 GARY | с102.24 | с50.67 | +101.79% |
10 GARY | с204.48 | с101.33 | +101.79% |
50 GARY | с1,022.4 | с506.67 | +101.79% |
100 GARY | с2,044.81 | с1,013.33 | +101.79% |
500 GARY | с10,224.05 | с5,066.66 | +101.79% |
1000 GARY | с20,448.1 | с10,133.32 | +101.79% |
How to convert GARY to KGS



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