Qatari Riyal is the official currency of Qatar. It is denoted by the symbol "QR" and is subdivided into 100 dirhams. The Qatari Riyal has been the currency of Qatar since 1973, when it replaced the Qatar and Dubai Riyal at a rate of 1 QR = 0.1865 QDR. The Central Bank of Qatar is responsible for issuing and regulating the Qatari Riyal.