Gibraltar Pound in Saudi Arabian Riyal

GIP Gibraltar Pound

Country of application:
Gibraltar

Coin denominations in circulation:
5, 10, 20, 50 Gibraltar pound.

Denominations of banknotes in circulation:
1, 2, 5, 10, 20, 50 pennies, 1, 2, 5 Gibraltar pound.

History reference:
The Gibraltar pound has been the national currency and money of Gibraltar since 1927, although Gibraltar received the right to print its banknotes only in 1934. The Gibraltar pound is pegged to the p...ound sterling at a ratio of 1:1. The name Gibraltar comes from the ancient Arabic language, where it literally means "Mount Tariq" - the Arab commander Tariq ibn Ziyad, who crossed Gibraltar to Europe to capture the Iberian Peninsula. Currently, Gibraltar has the status of a British Overseas Territory, with sufficient autonomy. Gibraltar, which is part of the United Kingdom of Great Britain and Northern Ireland, is part of the EEC and the EEC customs union, but is not included in the euro area, which allows the territory to adopt its own liberal tax and financial laws, being an offshore zone.

SAR Saudi Arabian Riyal

Country of application:
Saudi Arabia

Coin denominations in circulation:
1, 5, 10, 25, 50 halals, 1, 2 rials.

Denominations of banknotes in circulation:
1, 5, 10, 50, 100, 500 riyals.

History reference:
The Saudi riyal (riyal) has been the national currency and money of the Kingdom of Saudi Arabia since 1928, even before the creation of a single state. Independent minting of coins on the territory o...f Hijaz (the coastal western region of the Arabian Peninsula with the main Islamic centers - Mecca and Medina) began rather late - at the beginning of the 19th century. These were copper mahmoudis and silver rupees, which were minted by the sheriffs of Mecca, nominally dependent on the Sultan of the Ottoman Empire. In 1916, with the support of the British and Arab nationalists, the sheriff of Mecca, Hussein ibn Ali al-Hashimi, declared himself king of the Hijaz. He also began minting his own coins in Mecca. In addition to the minting of coins of the Ottoman type (kirsh, para and dinars), under Hussein, all silver rials-thalers were countermarked. They were minted with the word "HIJAZ" in Arabic script.