Currency has always been vital for trade and progress to happen ever since time immemorial and has gone through many changes throughout history. Qatar’s history with the monetary system goes way back in time.
It all started between 644 to 656 Common Era, mostly known as CE during the era of Uthman Caliphate. If there is one thing that has remained in the long history of the currency of the State of Qatar from the caliphate era to today’s modern-day, it's the name of the coins – Dirhams– that still hold their place till date. The standards of the bimetallic dirhams got established during the Caliph Omar/Umar’s period. Dinar was the other coin that was similarly used back then, too. The dirham (silver) and dinar (gold) remained as the coins for trade and other activities and was used in the Muslim world for close to 1,500 years!
The uniformity in the look of these Islamic coins took place during the Omar caliphate era and it was officially sanctioned for the Dirham to be made out of pure silver and to weigh 3 grams. These Islamic coins formed the basis of national and international trade in the Middle East and for transactions around much of the world, too, as historical records have seen its use by multiple nationalities and tribes.
There has been evidence of Arab coins being found in Russia and as far as the Baltic states, too. Slowly, paper currency, which was initially introduced to the world by China during the Gaykhatu Empire rule, started to make its way into the mainstream during the Ottoman Caliphate, around the 19th century in Turkey where they first printed notes in 1842. This was the beginning of the currency notes in the world.
Although paper money always faced opposition with respect to the Sharia Law, it was eventually accepted due to global trade and increasing demands.
Here is a glance at the timeline of the currency of Qatar, from the time of its origin until today.
Are you a notaphilist? Do you have any old or rare Qatari notes in possession? Let us know in the comments below! Do share this article - it keeps us going!
Cover image credit: Shutterstock
There are multiple advertising possibilities with the ILQ network, drop us an e-mail at [email protected] for inquiries!
If you have anything you want to share with us, send us an e-mail at [email protected]!
Want to send a tip? Drop us an e-mail at [email protected], anonymity is guaranteed!
You have successfully registered your account!Please confirm your e-mail address by clicking on the URL sent to you.The e-mail usually arrives in 5-10 minutes.
Salam! Welcome to our brand new site! Looking good huh?
We’ve got loads of cool new features and to help make sure your account is secure, you’ll need to reset your password the first time you log in.
New to ILQ? What are you waiting for? Sign up!
How ajeeb was that!? Thanks for contributing to our community! Your post will appear after we take a quick look!