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base info Carmin

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CARMIN
CARMIN
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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.ق0.003641
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$0
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0 CARMIN

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0.5 CARMIN
ر.ق0.001820
1 CARMIN
ر.ق0.003641
5 CARMIN
ر.ق0.01820
10 CARMIN
ر.ق0.03641
50 CARMIN
ر.ق0.1820
100 CARMIN
ر.ق0.3641
500 CARMIN
ر.ق1.82
1000 CARMIN
ر.ق3.64

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0.5QAR137.34  CARMIN
1QAR274.68  CARMIN
5QAR1,373.39  CARMIN
10QAR2,746.77  CARMIN
50QAR13,733.85  CARMIN
100QAR27,467.71  CARMIN
500QAR137,338.54  CARMIN
1000QAR274,677.07  CARMIN

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0.5 CARMIN$0.0004998$0.0004996
+0.03%
1 CARMIN$0.0009996$0.0009993
+0.03%
5 CARMIN$0.004998$0.004996
+0.03%
10 CARMIN$0.009996$0.009993
+0.03%
50 CARMIN$0.04998$0.04996
+0.03%
100 CARMIN$0.09996$0.09993
+0.03%
500 CARMIN$0.4998$0.4996
+0.03%
1000 CARMIN$0.9996$0.9993
+0.03%

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0.5 CARMIN$0.0004998$0.0006609
-24.36%
1 CARMIN$0.0009996$0.001322
-24.36%
5 CARMIN$0.004998$0.006609
-24.36%
10 CARMIN$0.009996$0.01322
-24.36%
50 CARMIN$0.04998$0.06609
-24.36%
100 CARMIN$0.09996$0.1322
-24.36%
500 CARMIN$0.4998$0.6609
-24.36%
1000 CARMIN$0.9996$1.32
-24.36%

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0.5 CARMIN$0.0004998$0.01601
-96.88%
1 CARMIN$0.0009996$0.03202
-96.88%
5 CARMIN$0.004998$0.1601
-96.88%
10 CARMIN$0.009996$0.3202
-96.88%
50 CARMIN$0.04998$1.6
-96.88%
100 CARMIN$0.09996$3.2
-96.88%
500 CARMIN$0.4998$16.01
-96.88%
1000 CARMIN$0.9996$32.02
-96.88%

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