The Qatari riyal is the official currency of Qatar. One US dollar is worth around 3.64 QAR. The Qatari riyal is the currency of Qatar. It was first introduced in 1966, replacing the Gulf rupee. The riyal is divided into 100 dirhams. The currency is issued by the Qatar Central Bank. The Qatari riyal has been pegged to the U.S. dollar at a rate of 3.64 riyals per dollar since 2001. The Qatari riyal is widely accepted in Qatar and is often used for transactions in neighboring countries.