Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

Bitcoin

Bitcoin

Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

24063 Saudi Arabian Riyal to Bitcoin exchange rates chart

24063 SAR to BTC exchange rates graph
24063 SAR to BTC Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

24063 SAR to BTC exchange rates table

Exchange SAR to BTC
24063 Saudi Arabian Riyal = 1.002 Bitcoin
48126 Saudi Arabian Riyal = 2.004 Bitcoin
120315 Saudi Arabian Riyal = 5.011 Bitcoin
240630 Saudi Arabian Riyal = 10.022 Bitcoin
Exchange Saudi Arabian Riyal to Bitcoin
24063 Saudi Arabian Riyal to Bitcoin Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

24063 SAR to BTC exchange rates news

Date set for auction of Saudi tycoon’s properties

Proceeds of the sale of Maan al-Sanea’s real estate assets will help repay billions of dollars due to creditors, say sources

conditional neutral
Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam
Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam

The Ministry of Commerce and Investment has defamed a Saudi citizen and an Arab expatriate who were convicted of commercial cover-up (tasattur) by a criminal court.

conditional neutral
Alkhabeer Capital opens subscription to 237m riyal Reit on Tadawul

Alkhabeer REIT Fund has assets in excess of 1bn riyals and invests in seven income-generating properties

conditional positive
Saudi Arabia will not penalize banks that boycotted conference

Saudi Arabia's central bank governor said the kingdom will not penalize foreign banks that boycotted

conditional positive
Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide
Bitcoin ATMs About to Reach the 4,000 Milestone Worldwide

With the continued growth of Bitcoin ATMs. statistics show that BTC ATMs are set to reach the 4,000 milestone this month.

indicative positive
Twitter grapples with fake Elon Musk accounts promoting bitcoin scams

Cryptocurrency scammers are promoting tweets through ads after they hijack verified accounts.

indicative neutral
CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail
CFTC Says Bitcoin Trader Who Lost $1.1M Will Serve 15 Months in Jail

The Commodity Futures Trading Commission (CFTC) revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million The CFTC revealed that a former employee of Consolidated Trading will serve 15 months in jail and pay $1.1 million for Bitcoin fraud.

conditional negative
Bitcoin (BTC) Price Analysis: Calm Before Another Storm?
Bitcoin (BTC) Price Analysis: Calm Before Another Storm?

Bitcoin is back to consolidation mode as it formed higher lows and lower highs in another symmetrical triangle pattern.

indicative negative
Bitcoin: The Calm Before The Storm

Bitcoin has been remarkably stable lately, trading in an atypically narrow range over the past few months. However, this is not the first time that such a pheno

indicative neutral

24063 SAR to BTC currency converter