Qatari Riyal
a.k.a. QAR
Qatar's currency, pegged to the US dollar and backed by huge natural gas exports.
In plain English
Qatar's currency, pegged to the US dollar and backed by huge natural gas exports.
The Qatari riyal (QAR) is Qatar's money, pegged to the US dollar at a fixed rate of about 3.64 riyals per dollar. Qatar is one of the world's biggest exporters of liquefied natural gas, and those dollar earnings make defending the peg relatively easy.
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