riyal

noun (1)
ri·​yal | \ rē-ˈyäl How to pronounce riyal (audio) , -ˈyal \
variants: or less commonly rial

Definition of riyal

 (Entry 1 of 2)

the basic monetary unit of Qatar and Saudi Arabia — see Money Table

riyal

noun (2)
ri·​yal

less common spelling of rial

the basic monetary unit of Iran, Oman, and Yemen — see Money Table

Examples of riyal in a Sentence

Recent Examples on the Web: Noun Some 80% of global oil sales are priced in U.S. dollars, the yuan is not freely convertible as a reserve currency must be, and Saudi Arabia’s currency, the riyal, is pegged to the dollar. The Editorial Board, WSJ, 18 Mar. 2022 For one, Saudi Arabia pegs its riyal to the dollar, so any damage inadvertently dealt to the dollar will hurt its own currency. Samanth Subramanian, Quartz, 17 Mar. 2022 Aramco shares currently trade at around 35.80 Saudi riyal each ($9.55), valuing the company at $1.9 trillion. Hanna Ziady, CNN, 28 Apr. 2021 Alongside the Uzbek deal, that has included large deals in Chilean peso, Dominican peso, Croatian kuna and Saudi riyal, among others. Paul J. Davies, WSJ, 22 Dec. 2020 The spread between the Saudi riyal interbank rate and the same rate for dollars has also been narrowing. Abbas Al Lawati, Bloomberg.com, 20 Dec. 2020 Although pressure intensified earlier this year with the collapse in crude prices, 12-month dollar-forwards for the Saudi riyal have since stabilized. Paul Abelsky, Bloomberg.com, 21 Nov. 2020 The implied stability allowed officials to maintain the Saudi riyal’s peg to the dollar and demonstrate the kingdom’s financial strength... Stephen Kalin, WSJ, 31 May 2020 In Kuwait, people could be fined up to 5,000 dinars ($16,200) and serve up to three months in prison while Qatar will issue fines of up to 200,000 riyals ($55,000) and a maximum penalty of three years in prison. Chronicle Staff, SFChronicle.com, 18 May 2020 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'riyal.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of riyal

Noun (1)

1856, in the meaning defined above

History and Etymology for riyal

Noun (1)

Arabic riyāl, from Spanish real real

Learn More About riyal

Dictionary Entries Near riyal

Riyadh

riyal

riz

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Statistics for riyal

Cite this Entry

“Riyal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/riyal. Accessed 11 Aug. 2022.

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Britannica.com: Encyclopedia article about riyal

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