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Money Matter in Saudi Arabia

  Topic » Tour and Travel Tips For World » Travel Tips For Saudi Arabia
Post By : Rainrays At 2011-07-08 10:11:54


Official Currency : Official Currency of Saudi Arabia is Saudi Arabian Riyal. The Saudi Arabian Riyal is also known as the Saudi Arabian Rial. The Riyal is further divided into smaller units.

-> One riyal equals 20 Ghrish.
-> On the other hand 100 Halalas make one riyal.
-> There are bills of 1, 5, 10, 20, 50, 100, 200 and 500 Riyals.
-> The coins are available in 5, 10, 25, 50, and 100 Halalas.

The Currency of Saudi Arabia is similar to the Indian Rupee. Hundred paise in Indian currency make one rupee.

Currency Conversion and Exchange Rates
->
Exchange rates is vary from minute to minute depending on world markets.
-> When exchanging cash or travellers cheques it’s best to check the rate and commission before making the exchange.
-> Although many retail outlets, restaurants and other venues may accept American money, visitors are advised to exchange their travellers checks or cash for Saudi Arabia currency.
-> To change money, you have to have your passport at hand.
-> You can exchange traveler's checks or cash at most banks, and most hotels in the cities, the exchange rate in the hotels is the same as that in the banks.
-> Tourists who wish to travel to Saudi Arabia should preferably have some idea about the exchange rates, currency and economy of the country.

Credit Cards : In Saudi Arabia Credit Cards are mostly used in Hotels and some high-grade tourist shops and department stores. However, customers are expected to pay in cash. In Saudi Arabia Major credit cards such as Master Card, Visa, Diner's Card, American Express and JCB can be used to purchase goods in large shopping malls and stores.

Losing Credit Card :  If You lose you Credit Card then please report the loss to your credit card issuer as quickly as possible, and follow your bank’s instructions.

Travelers Cheques : In Saudi Arabia, large bank of Saudi Arabia accept travelers Cheques and the exchange rate is slightly higher than cash.

ATM'S : In Saudi Arabia,  ATM services available in most of the tourist cities.  Some of the five-star hotels may also have ATM available.

Tipping in Saudi Arabia  : Follow standard tipping rules for an additional 10% to 15% on top of taxi fares and restaurant bills for good service.





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