Convert Jersey Pound to Saudi Riyal
Please provide values below to convert Jersey Pound [JEP] to Saudi Riyal [SAR], or Convert Saudi Riyal to Jersey Pound.
How to Convert Jersey Pound to Saudi Riyal
1 JEP = 0.197413333333333 SAR
Example: convert 15 JEP to SAR:
15 JEP = 15 × 0.197413333333333 SAR = 2.9612 SAR
Jersey Pound to Saudi Riyal Conversion Table
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.