Convert Saudi Riyal to Nigerian Naira
Please provide values below to convert Saudi Riyal [SAR] to Nigerian Naira [NGN], or Convert Nigerian Naira to Saudi Riyal.
How to Convert Saudi Riyal to Nigerian Naira
1 SAR = 0.00244985489999398 NGN
Example: convert 15 SAR to NGN:
15 SAR = 15 × 0.00244985489999398 NGN = 0.0367478234999097 NGN
Saudi Riyal to Nigerian Naira Conversion Table
| Saudi Riyal | Nigerian Naira |
|---|
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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.