Qatar Central Bank (QCB) unveiled the fifth series of Qatar currency notes in December 2020. The new Qatari Riyal banknotes have come into effect from December 18, 2020.
As per the latest announcement, all denominations of Qatar currency notes will have new designs and added security features. QCB has also introduced a 200 Qatari Riyal banknote for the first time.
How To Exchange Old Qatar Currency Notes
2024 STATUS: In February 2022, Qatar Central Bank (QCB) said the period for exchanging old currency (fourth edition) notes is open until further notice.
The old notes will be replaced by banks for individuals with QID and bank accounts. Those who do not have accounts can also complete the exchange process at most banks. If they cannot do so, they can go to Qatar Central Bank to exchange the notes.
Visitors from outside the country can exchange old notes through banks or QCB. They also have to attach the disclosure document from the General Authority of Customs in Qatar issued at the port of entry.
Note that this may be a time-consuming process for visitors. If you have friends or relatives with a QID, it is better to get the notes exchanged through them.
QCB said the source of funds for any amount exceeding QR 50,000 should be disclosed according to the requirements of the Anti-Money Laundering and Terrorist Financing Committee.
New Qatar Currency Notes: Design Features
The front designs of the new banknotes share a common theme based on traditional geometric patterns, the State of Qatar flag, Qatari flora (Dreama) and an ornate gate representing the historical Qatari architecture.
The back designs comprise themes reflecting Qatari tradition, Islamic history, culture, flora and fauna and the development of education, sport and the economy.
QR1 shows Traditional Dhow (Bateel) and the Oyster and Pearl Monument.
QR5 shows a traditional desert scene comprising fauna (Arab horses, Camel, Oryxes), flora (Al Qataf) and a ‘hair tent’ (buryuut hajar).
QR10 shows Lusail Stadium, Torch Tower (Aspire Zone), Sidra Medicine and Education City (Qatar Foundation)
QR 50 shows the Qatar Central Bank building and the Ministry of Finance building.
QR 100 shows a picture of Imam Muhammad ibn Abd al-Wahhab Mosque.
QR 200 shows pictures of Palace of Sheikh Abdullah bin Jassim Al Thani, Qatar National Museum and Museum of Islamic Art.
QR500 shows Ras Laffan LNG refinery and LNG canter ship.
New Qatar Currency Notes: Security Features
The new bank will have 64 state-of-the-art security specifications.
1) Each security thread shows the value of the denomination.
2) The numerals and horizontal line prints are raised for the benefit of the blind and the visually impaired.
3) When you lift the banknote up to the light, you can see the incomplete shapes on the front and back of the note combine to form the banknote’s value.
4) Lift the banknote up to the light to see the watermark of the State of Qatar Crest and denomination numerals.
5) Tilt the banknote and see changes to the appearance of the hologram.
6) Tilt the banknote and see the changes to the appearance of the security thread.
7) Tilt the banknote to see the Dreama flower on the gate changing colour and a bright circle moving within the flower.
Qatar Coins in Circulation
Qatar has coins of various denominations in circulation with its riyal currency notes. The coins commonly seen in circulation are 50 and 25 dirhams (100 dirhams make a riyal).
QCB Unveils World Cup Commemorative Banknote
09 NOVEMBER 2022: Qatar Central Bank (QCB) along with FIFA and Supreme Committee for Projects and Legacy launched a 22 Qatari Riyal commemorative banknote and coins bearing the FIFA and World Cup logos.
The currency with the World Cup trophy and Qatar 2022 logo has a picture of Lusail Stadium on one side with Al Bayt Stadium on the opposite side. The two stadiums are the venues for the opening and the final World Cup match. Also found in the background of the note are the Qatar National emblem, skyline, a dhow and Zubara fort.
The new currency reflects the history of football in the country and is offered to those wishing to acquire it, including visitors to the country. The commemorative banknotes have legal force in terms of nominal value and specifications. It is also the first Qatar banknote to use polymer for production.
The Qatar Central Bank also unveiled 10 coins on the day.
How to purchase Qatar World Cup Commemorative Banknote?
According to Qatar Central Bank officials, the “22 Qatari Riyal” FIFA World Cup commemorative banknote can be purchased at QR 75 (seventy-five Qatari Riyal) while its nominal value will remain the same at QR 22. The commemorative banknotes will be offered through banks and money exchanges.
FAQ on Qatar Currency Notes
How long is the validity of Qatar’s old currency notes?
Major banks in Qatar have announced they will be accepting old banknotes until the 31st of December 2021.
Where can I exchange old currency notes?
Old currency notes can be exchanged at banks until the 31st of December 2021.
What should I do for exchanging old currency after 2021?
After the 31st of December 2021, holders of old banknotes will be entitled to recover the value from Qatar Central Bank within a period not exceeding 10 years from the date of the withdrawal decision.
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Legal Warning: Currency images shown here are for awareness purposes only and should not be printed or misused. Printing currency images is a crime as per Qatari Law.
Images Courtesy: Qatar Central Bank
I have 7000 riyals 4th generation Qatari riyals.
I don’t have a bank account in Qatar so if I can exchange directly through QCB?
Hi Rehan, (1) If you are a resident you can exchange directly with QCB.
(2) If you are a visitor, you will need Customs Declaration Form to exchange with QCB. If you don’t have it you can get it done through someone who has account in Qatar.
Is there any way to chage Qatar old notes to new ones or to other currency outside Qatar? If it´s not possible, can I open a bank-account to myself
online from abroad?
Hi Mrs. Seija, Unfortunately there is no such option. You cannot open an account from outside Qatar. Please try to get the notes exchanged through someone who lives inside Qatar.
We have 750 Riyals in old notes. If we return them, is it possible to have their value credited to a UK bank account please?
if so, can you let us have an address to send them to please?
Many thanks
Hi Julie, There is no such option. You will need to exchange the money through someone who has a bank account in Qatar. Later they can send this money to your UK account. Exchange and transfer fee will apply.
I still have 895 riyal but then i dont have a QCB how can i change or where can i change it. Hoping for your reply.
Hi Menchie, If you haven’t changed it yet, you need to get it changed through someone who has a bank account in Qatar (most banks will accept this).
Hi dear I have old qatar notes of 500 where I can go to exchange
Hi Tariq, If you are in Qatar you can deposit them through any bank account. Most banks are accepting that.
How long Banks will accept old notes
Hi Riyaz, They have removed the deadline. Now it is open until further notice.
Hello, I hope you could help me. I also have and old 500 Qatar Rial Notes that’s been with me since 2013 because I am an ex OFW worker from Qatar. I have a brother who lives in Qatar now, is there any way he could change my 500 old notes from 2012? Your response is highly appreciated.
Hi Gray, Just give the old notes to your brother. He can submit them to his bank and get new notes.
I have old qatary rials. Can I still change them. I don’t have bank account.
Hi Meme, You will need bank account to exchange. Or you can change through someone else who has a bank account.
Where i can exchange the old qatari riyal?
I have QID and bank account, please help
Hi Nathan, Some banks are still accepting old notes. Please check with the bank where you have account.
I have my 1360 old Qatar riyals
Can it still be exchanged?
Hi Devis, If you are a Qatar resident with bank account, you can change. Or else you can change through someone else who has a bank account.
Thank you
Sir,
Please guide me how to procure the ” World Cup 2022 ”
Coins of QATAR ?
I could manage the RIALS 22 Currency Note (.)
Please help me …