from The American Heritage® Dictionary of the English Language, 4th Edition
- n. See Table at currency.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. The official currency of Qatar and Saudi Arabia.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. the basic unit of money in Saudi Arabia
- n. the basic unit of money in Qatar
The Saudi Arabian riyal is a pegged currency and doesn't move from SAR3.75 against the dollar.
In currency trading, the Egyptian pound is under selling pressure, and the forwards market in the Saudi Arabian riyal shows that traders are positioning for a fall in that currency over the next three months.
But the forwards market for the riyal has been under highly unusual pressure for the past two days, signaling that investors are positioning themselves for a future drop in the currency.
For the moment, the riyal has been stabilized, but the episode left everyone jittery.
SHUSTER: The most dramatic evidence was the sudden drop in the value of Iran's currency, the riyal, a few weeks ago.
The bank was forced to intervene in the currency market to stabilize the riyal, and that brought questions about Iran's foreign currency reserves and whether Iran's oil exports are dropping.
Prince Alwaleed at a news conference Tuesday said his company, Kingdom Holding Co., had signed a 4.6 billion Saudi riyal $1.23 billion deal with Bin Laden Group to build the tower, which is expected to take more than five years to complete.
In terms of stocks, Dubai bellwether Emaar Properties fell 4.7% to 3.02 United Arab Emirates dirham Sunday; Abu Dhabi-based Aldar retreated 2.9% to 1.67 dirham ; Kuwaiti heavyweight Zain plunged 7.3% to 1.28 Kuwaiti dinar; and Industries Qatar dropped 2.3% to 139.70 Qatari riyal.
RIYADH, Saudi Arabia—Saudi Arabia signed an 30.8 billion riyal $8.2 billion contract with a Spanish consortium on Saturday for the next phase of a high-speed train linking the Islamic holy cities of Mecca and Medina to the national railway line, Saudi state media reported.
The father of the 23-year-old woman also pleaded for help in order to collect the 100,000 riyal dowry that must be returned.
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