The Saudi riyal is the currency of Saudi Arabia. It is abbreviated as
ر.سSAR, or SR (Saudi Arabian Riyal/Saudi Riyal). It is subdivided into 100 halalas. The currency is pegged to the US dollar at a constant rate of exchange.
The fourth series under King Fahd (1984–2007)
The fifth series under King Abdullah (2007–2016)
Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were first developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 ; by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003.
Banknotes of the Australian dollar in a wallet. In 1988, Australia was the first country to introduce polymer banknotes for circulation.