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The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all forms of monetary transactions within the country. It is subdivided into 100 halalas, and the currency is symbolized by 'ر.س' in Arabic and 'SR' in Latin script. The Saudi Riyal is pegged to the US dollar, which provides stability in international trade and investment.
The Nigerian Naira (NGN) is the official currency of Nigeria, introduced in 1973 to replace the Nigerian pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria, which is responsible for issuing banknotes and coins as well as managing monetary policy.