Convert Peruvian Nuevo Sol to Qatari Rial
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Qatari Rial [QAR], or Convert Qatari Rial to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Qatari Rial
1 PEN = 0.97739010989011 QAR
Example: convert 15 PEN to QAR:
15 PEN = 15 × 0.97739010989011 QAR = 14.6608516483516 QAR
Peruvian Nuevo Sol to Qatari Rial Conversion Table
| Peruvian Nuevo Sol | Qatari Rial |
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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.
Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.