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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.
SAM to MKD conversion rate trend
SAM to MKD market statistics
More info about Samsunspor Fan Token on Bitget
Current SAM to MKD exchange rate
Samsunspor Fan Token to Qatari Rial is falling this week.SAM to MKD Conversion tables
The exchange rate of Samsunspor Fan Token is decreasing.SAM to MKD
MKD to SAM
SAM to MKD Today vs. 24 hours ago
Amount | 22:10 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SAM | ден6.36 | ден6.51 | -2.32% |
1 SAM | ден12.72 | ден13.02 | -2.32% |
5 SAM | ден63.6 | ден65.11 | -2.32% |
10 SAM | ден127.2 | ден130.23 | -2.32% |
50 SAM | ден636.02 | ден651.13 | -2.32% |
100 SAM | ден1,272.05 | ден1,302.26 | -2.32% |
500 SAM | ден6,360.23 | ден6,511.28 | -2.32% |
1000 SAM | ден12,720.45 | ден13,022.55 | -2.32% |
SAM to MKD Today vs. 1 month ago
Amount | 22:10 today | 1 month ago | 1M change |
---|---|---|---|
0.5 SAM | ден6.36 | ден7.6 | -16.35% |
1 SAM | ден12.72 | ден15.21 | -16.35% |
5 SAM | ден63.6 | ден76.03 | -16.35% |
10 SAM | ден127.2 | ден152.06 | -16.35% |
50 SAM | ден636.02 | ден760.31 | -16.35% |
100 SAM | ден1,272.05 | ден1,520.63 | -16.35% |
500 SAM | ден6,360.23 | ден7,603.13 | -16.35% |
1000 SAM | ден12,720.45 | ден15,206.27 | -16.35% |
SAM to MKD Today vs. 1 year ago
Amount | 22:10 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 SAM | ден6.36 | ден31.53 | -79.83% |
1 SAM | ден12.72 | ден63.06 | -79.83% |
5 SAM | ден63.6 | ден315.3 | -79.83% |
10 SAM | ден127.2 | ден630.59 | -79.83% |
50 SAM | ден636.02 | ден3,152.96 | -79.83% |
100 SAM | ден1,272.05 | ден6,305.91 | -79.83% |
500 SAM | ден6,360.23 | ден31,529.57 | -79.83% |
1000 SAM | ден12,720.45 | ден63,059.15 | -79.83% |
How to convert SAM to MKD



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