Convert Saudi Riyal to Bitcoin
Please provide values below to convert Saudi Riyal [SAR] to Bitcoin [BTC], or Convert Bitcoin to Saudi Riyal.
How to Convert Saudi Riyal to Bitcoin
1 SAR = 443791.758887093 BTC
Example: convert 15 SAR to BTC:
15 SAR = 15 × 443791.758887093 BTC = 6656876.38330639 BTC
Saudi Riyal to Bitcoin Conversion Table
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
Bitcoin
Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions without the need for a central authority or intermediary.
History/Origin
Bitcoin was created in 2009 by an anonymous person or group known as Satoshi Nakamoto, introducing blockchain technology to ensure secure and transparent transactions. It was the first cryptocurrency and sparked the development of numerous other digital currencies.
Current Use
Bitcoin is widely used for online purchases, investment, remittances, and as a store of value. It is also accepted by some merchants and businesses worldwide and is increasingly integrated into financial markets and services.