Hejaz riyal countermarked for use in Hejaz, with the name of the kingdom in . Hejaz riyal The riyal (Arabic:ريال "") was the currency of the Kingdom of Hejaz between 1916 and 1925. It was subdivided into 20 qirsh (). The riyal was a silver coin the same weight as the Ottoman 20 kuruş coin but was minted in .917 fineness rather than .830 fineness. The Hejaz riyal was replaced by the Saudi riyal in 1925 at par. In 1916, bronze coins were issued for ⅛, ¼, ½ and 1 qirsh together with silver 5, 10 and 20 qirsh. Gold 1 dinar
Currency appreciation and depreciation run this can happen unpredictably for a variety of reasons, including the balance of trade, speculation, or other factors in the international capital market. For example, a surge in purchases of foreign goods by home country residents will cause a surge in demand for foreign currency with which to pay for those goods, causing a depreciation of the home currency. Another cause of appreciation or depreciation of a currency is speculative movements of funds in the belief that a currency is over or under valued, as the case may be, and in anticipation of a “correction”. Such movements may in