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base info Ampleforth Governance Token

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FORTH
FORTH
swap
QAR
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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.

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Bitgethot-iconcalculator.compare.best
ر.ق10.41
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Binance
ر.ق10.44
0.1000% / 0.1000%
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OKX
ر.ق10.45
0.080% / 0.100%
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Huobi
ر.ق10.42
0.1000% / 0.1000%
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Gate.io
ر.ق10.45
0.1000% / 0.1000%
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KuCoin
ر.ق10.43
0.1000% / 0.1000%
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Bitfinex
ر.ق10.49
0.1000% / 0.1000%
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$40.34M
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$974.18K
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14.26M FORTH

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0.5 FORTH
ر.ق5.15
1 FORTH
ر.ق10.3
5 FORTH
ر.ق51.5
10 FORTH
ر.ق103.01
50 FORTH
ر.ق515.03
100 FORTH
ر.ق1,030.05
500 FORTH
ر.ق5,150.26
1000 FORTH
ر.ق10,300.53

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0.5QAR0.04854  FORTH
1QAR0.09708  FORTH
5QAR0.4854  FORTH
10QAR0.9708  FORTH
50QAR4.85  FORTH
100QAR9.71  FORTH
500QAR48.54  FORTH
1000QAR97.08  FORTH

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0.5 FORTH$1.41$1.48
-4.30%
1 FORTH$2.83$2.96
-4.30%
5 FORTH$14.14$14.78
-4.30%
10 FORTH$28.28$29.55
-4.30%
50 FORTH$141.41$147.77
-4.30%
100 FORTH$282.82$295.54
-4.30%
500 FORTH$1,414.09$1,477.7
-4.30%
1000 FORTH$2,828.18$2,955.39
-4.30%

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0.5 FORTH$1.41$1.44
-2.06%
1 FORTH$2.83$2.89
-2.06%
5 FORTH$14.14$14.44
-2.06%
10 FORTH$28.28$28.88
-2.06%
50 FORTH$141.41$144.38
-2.06%
100 FORTH$282.82$288.75
-2.06%
500 FORTH$1,414.09$1,443.76
-2.06%
1000 FORTH$2,828.18$2,887.51
-2.06%

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0.5 FORTH$1.41$1.54
-8.34%
1 FORTH$2.83$3.09
-8.34%
5 FORTH$14.14$15.43
-8.34%
10 FORTH$28.28$30.85
-8.34%
50 FORTH$141.41$154.26
-8.34%
100 FORTH$282.82$308.51
-8.34%
500 FORTH$1,414.09$1,542.56
-8.34%
1000 FORTH$2,828.18$3,085.12
-8.34%

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