Convert Peruvian Nuevo Sol to Saudi Riyal
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Saudi Riyal [SAR], or Convert Saudi Riyal to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Saudi Riyal
1 PEN = 0.94872 SAR
Example: convert 15 PEN to SAR:
15 PEN = 15 × 0.94872 SAR = 14.2308 SAR
Peruvian Nuevo Sol to Saudi Riyal Conversion Table
| Peruvian Nuevo Sol | Saudi Riyal |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.