RIYAL Meaning and
Definition
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Riyal is a noun that refers to the currency used in several countries in the Middle East, including Saudi Arabia, Qatar, and Oman. The term "riyal" originates from the Arabic word "riyal" (ريال), which translates to "real" in English. As a currency, the riyal is denoted by the symbol "ر.س" or "ريال" and is further divided into smaller units known as "halalas" or "baiza" depending on the country.
The value of the riyal may vary from one country to another. For instance, in Saudi Arabia, one riyal is equivalent to 100 halalas, while in Qatar, one riyal is equal to 100 dirhams. Oman, on the other hand, does not have a fractional unit for its riyal currency.
Riyals are commonly used for day-to-day transactions, as well as for international trade and investment in these countries. They are accepted in various markets, including retail stores, restaurants, and hotels. Additionally, riyals can be exchanged for other foreign currencies in banks and exchange offices.
The riyal is an important unit of currency in the Gulf Cooperation Council (GCC) region and holds significant economic and cultural significance. It has become a symbol of the countries' economic power and stability. As a result, fluctuations in the value of the riyal can have a direct impact on the local economy and international trade.
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Other Common Misspellings for RIYAL
Etymology of RIYAL
The word "riyal" has its etymology from the Arabic language. The Arabic word "riyal" (ريال) originated from the Spanish currency called "real". The Spanish word "real" comes from Latin "regalis", meaning "royal" or "related to the king". The term "riyal" was adopted by several Arab countries as the name for their national currencies, including Saudi Arabia, Qatar, and Yemen, among others.
Similar spelling words for RIYAL
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