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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 United States Dollar (USD) is the official currency of the United States and is widely used as a global reserve currency. It plays a crucial role in international trade and finance, serving as a standard unit of account for many countries around the world.