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Qatar Central Bank to announce launch of new version of currency notes on Sunday
Dec 10, 2020
Doha
The Qatar Central Bank will hold a press conference on Sunday to announce the launch of the fifth issue (new version) of the Qatari currency in circulation, Marsal Qatar said in a tweet on Thursday.
The announcement will coincide with the National Day celebrations, it added.
Until 1966, Qatar used the Indian rupee as its currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. Qatar began issuing the Qatari riyal on May 19, 1973, in denominations of 1, 5, 10, 100, and 500 riyals. A 50-riyal note was issued in 1976.