The currency of Qatar is the Qatari riyal (QAR). The Qatari riyal is subdivided into 100 dirhams and is issued in both coins and banknotes. It has been pegged to the U.S. dollar at a fixed exchange rate of approximately 3.64 QAR to 1 USD since the early 2000s. The riyal plays a crucial role in facilitating domestic and international trade in Qatar, a country known for its rich natural gas and oil exports. Its stability enhances investor confidence and economic growth in the region.