A Tamimi manager says the company pays an average salary of one Saudi riyal a day and grants leave once every two years. |
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So far this year alone, the riyal has dropped from about 18,000 to the dollar to 24,000 to the dollar. |
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There is little need to worry about currency movements, since the riyal is pegged to the dollar. |
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The Gulf's oil exporters, for instance, tie their currencies to the dollar: the Saudi riyal is fixed firmly at 3.75 to the greenback. |
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The Qatar Central Bank has the exclusive authority for issuing the Qatari riyal, which is divided into 100 dirhams. |
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In January the market price of the riyal dropped a little below the official rate at which it is pegged to the dollar, hinting that speculative capital outflows were taking place. |
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Saudi Arabian Mining Co said on Tuesday it had received a 900 million riyal loan from state-run Saudi Industrial Development Fund to finance a caustic soda project in Jubail. |
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The Indian rupee dipped 14 paise against the dollar over the previous day's close making the greenbackpegged Qatari riyal dearer by about five paise. |
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Omani Riyal is divided into 1000 Baizas and is broken into denominations of 100, 200 and 500 baizas. |
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The currency of Saudi Arabia is Riyal, which is divided into 100 halalas. |
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