Saudi Arabia (SA)
Saudi Arabia is the largest country in the Middle East and the world's leading oil producer — a rapidly transforming absolute monarchy embarking on an ambitious Vision 2030 diversification agenda that has already delivered entertainment venues, mixed-gender events, a booming tourism sector, and the Riyadh Metro.
Currency & Money
Practical money tips for living in Saudi Arabia.
Denominations
Coins: 25 halalas, 50 halalas, SAR 1, SAR 2. Notes: SAR 5, SAR 10, SAR 20, SAR 50, SAR 100, SAR 200, SAR 500.
Payment Culture
Saudi Arabia is rapidly becoming cashless. Mada debit cards (Saudi domestic network) are widely accepted. Apple Pay, STC Pay, and contactless card payments dominate in cities. Some traditional souqs and small shops still prefer cash. ATMs are widely available. SAR is pegged to the USD at 3.75 — a stable, predictable exchange rate.
ATM Tips
All major banks have extensive ATM networks. Al Rajhi, SNB, and Riyad Bank ATMs are widely distributed. Foreign Visa/Mastercard cards work at most ATMs. Watch for SAR 5–15 foreign transaction fees from your home bank.
Exchange Tips
The SAR/USD rate is fixed at 3.75 by SAMA (Saudi Arabian Monetary Authority). Use Wise or STC Pay for competitive international transfer rates. Avoid airport exchange bureaus. Al Rajhi and SNB offer competitive remittance rates for South Asian and Southeast Asian corridors.
Pro tip: Best apps for expats
- • Wise — Send money internationally at near-interbank rates
- • Revolut — Multi-currency account, free ATM withdrawals (limits apply)
- • N26 — German IBAN, free account, good for EU residents