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When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. [2] Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal following the signing of the Qatar-Dubai Currency Agreement on 21 March 1966. [3]
To the middle of the 20th century, the Indian rupee was also used as the official currency in the emirates on the eastern Arabian Peninsula, namely Kuwait, Bahrain, Qatar, the Trucial States, and Oman. That meant, in effect, that the Indian rupee was the common currency in those territories as well as in India.
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Currency band; Exchange rate; Exchange rate regime; ... Qatar Saudi Arabia ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
Danish Indian rupee – Danish India; East African rupee – Kenya, Somalia, Tanzania and Uganda; French Indian rupee – French India; Gulf rupee – Bahrain, Kuwait, Oman, Qatar and United Arab Empirates; Hyderabad rupee – Hyderabad; Indian rupee (रुपया) – India; Javan rupee – Java; Mauritian rupee – Mauritius
Present currency ISO 4217 code Country or dependency ... Indian Rupee [27] INR ... Qatari riyal [70] QAR
The Indian government on Thursday vowed to explore “all legal options” after a Qatari court handed death sentences to eight Indian employees of a Qatari company on spying charges. According to ...
Currency Central bank Peg ... India: Indian rupee: Reserve Bank of India ... Qatar: Qatari riyal: Qatar Central Bank: 1 USD = 3.64 QAR