The League Of Arab States
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The League Of Arab States
The Arab League (, ' ), officially the League of Arab States (, '), is a regional organization in the Arab world. The Arab League was formed in Cairo on 22 March 1945, initially with seven members: Egypt, Iraq, Transjordan, Lebanon, Saudi Arabia, Syria, and North Yemen. Currently, the League has 22 members. The League's main goal is to "draw closer the relations between member states and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries". The organization has received a relatively low level of cooperation throughout its history. Through institutions, notably the Arab League Educational, Cultural and Scientific Organization (ALECSO) and the Economic and Social Council of its Council of Arab Economic Unity (CAEU), the League facilitates political, economic, cultural, scientific, and social programmes designed to promote the interests of the Arab world. It ...
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Arabic
Arabic (, , or , ) is a Central Semitic languages, Central Semitic language of the Afroasiatic languages, Afroasiatic language family spoken primarily in the Arab world. The International Organization for Standardization (ISO) assigns language codes to 32 varieties of Arabic, including its standard form of Literary Arabic, known as Modern Standard Arabic, which is derived from Classical Arabic. This distinction exists primarily among Western linguists; Arabic speakers themselves generally do not distinguish between Modern Standard Arabic and Classical Arabic, but rather refer to both as ( "the eloquent Arabic") or simply ' (). Arabic is the List of languages by the number of countries in which they are recognized as an official language, third most widespread official language after English and French, one of six official languages of the United Nations, and the Sacred language, liturgical language of Islam. Arabic is widely taught in schools and universities around the wo ...
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Algerian Dinar
The dinar (; sign: DA; code: DZD) is the monetary currency of Algeria and it is subdivided into 100 ''centimes''. Centimes are now obsolete due to their extremely low value. Etymology The name "dinar" is ultimately derived from the Roman denarius. The Arabic word ''santīm'' comes from the French "centime", since Algeria was under French occupation from 1830 to 1962. History The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par. Exchange rates The official exchange rate set by the Bank of Algeria: Algerian Dinar to U.S. dollar is approximately 134 د.ج per 1 US dollar. Coins In 1964, coins in denominations of 1, 2, 5, 10, 20 and 50 centimes, and 1 dinar were introduced, with the 1, 2 and 5 centimes struck in aluminium, the 10, 20 and 50 centimes in aluminium bronze and the 1 dinar in cupro-nickel. The obverses showed the emblem of Algeria, while the reverses carried the values in Eastern Arabic numerals. In later decades, coins were issued spora ...
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Qatari Riyal
The Qatari riyal (currency sign, sign: QR in Latin alphabet, Latin, in Arabic script, Arabic; ISO 4217, ISO code: QAR) is the official currency of the Qatar, State of Qatar. It is divided into 100 dirhams (). History Until 1966, Qatar used the Indian rupee as its currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal following the signing of the Qatar-Dubai Currency Agreement on 21 March 1966. The Saudi riyal was worth 1.065 Gulf rupees, whilst the Qatar and Dubai riyal was equal to the Gulf rupee prior to its devaluation. Initially pegged with Pound sterling, sterling at one shilling and six pence (1s. 6d.) per riyal, its value was changed to one shilling and nine pence (1s. 9d.) when sterling was devalued in 1967, maintaining its value in relation to gold. Follow ...
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Omani Rial
The Omani rial (, ISO 4217 code OMR) is the currency of Oman. It is divided into 1000 ''paisa, baisa'' (also written ''baiza'', ). Fixed exchange rate From 1973 to 1986, the rial was pegged to the United States dollar, U.S. dollar at 1 Omani rial = US$2.895. The rate was changed in 1986 to 1 Omani rial = US$2.6008, which translates to approximately US$1 = 0.384497 rial. It is as of 2024 the third-highest-valued currency unit in the world after the Kuwaiti dinar and the Bahraini dinar. As of 2025 still, the Central Bank of Oman bought U.S. dollars at 0.384 Omani rial, and sold U.S. dollars at 0.385 Omani rial. History Until 1940, the Indian rupee and the Maria Theresa thaler (known locally as the rial due to its similar size to the Spanish dollar, Spanish eight-real coin) were the main currencies circulating in Muscat and Oman, as the state was then known, with Indian rupees circulating on the coast and thaler in the interior. Maria Theresa thaler were valued at 230 paisa, with ...
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Moroccan Dirham
The Moroccan dirham (, ; Currency symbol, sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 ''santimat'' (singular: santim; ). The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by Bank Al-Maghrib, the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively. History The word ''dirham'' derives from the Greek currency, the ''Ancient drachma, drachma''. The Idrissid dirham, a silver coin, was minted in Morocco under the Idrisid dynasty from the 8th to 10th centuries. Before the introduction of a modern coinage in 1882, Morocco issued copper coins denominated in ''falus'', silver coins denominated in ''dirham'', and gold coins denominated in ''benduqi''. From 1882, the dirham became a subdivi ...
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Mauritanian Ouguiya
The ouguiya ( (); sign: UM; code: MRU), at one time spelled "ougiya", is the currency of Mauritania. Each ouguiya constitutes five khoums (meaning "one fifth"). The current ouguiya was introduced in 2018, replacing the old ouguiya at a rate of 1 new ouguiya = 10 old ouguiya, which in turn replaced the CFA franc at a rate of 1 old ouguiya = 5 francs. The name ''ouguiya'' () is the Hassaniya Arabic pronunciation of '' uqiyyah'' ), meaning "ounce". First Ouguiya (MRO) Coins In 1973, coins of (1 khoums), 1, 2, 5, 10 and 20 ouguiya were introduced into circulation. This was the only year that the khoums was minted, as the ouguiya was worth five CFA Francs a khoums was the equivalent of the franc (which had no subdivision). The most recent issues were in 2003 (1 ouguiya) and 2004 (other denominations). Coins are minted at the Kremnica mint in Slovakia. The coinage slightly changed in 2009, with a reduced 1 ouguiya in plated composition and a bi-metallic 20 ouguiya issued. A bi-me ...
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Libyan Dinar
The dinar ( (); sign: LD in Latin, ل.د in Arabic; code: LYD) is the official currency of Libya. The dinar is divided into 1,000 dirhams (). It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. History It was introduced in September 1971 and replaced the pound at par. The currency was pegged to the special drawing rights at a rate of 2.80 SDRs per dinar. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. In February 1973, the dinar was pegged to the US dollar at a rate of 0.29679 dinar per dollar (LD 1 = US$3.37), which was maintained until 1986. The peg was switched to the special drawing rights on 18 March 1986, with 1 dinar = 2.80 SDRs. On 1 May 1986, the dinar was allowed to trade in a 7.5% range of 2.80 SDRs. This range was expanded several times. The currency started to devalue gradually relative to the US dollar in the mid-1990s, reaching a value of US$1.55 in 20 ...
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