In the early 1900's, the Hejaz Riyal was issued as official currency.
It was involved in four unsuccessful rounds of peace talks with the Sri Lankan government over the course of the conflict.Inspired by the failed 1971 insurrection of Janatha Vimukthi Peramuna, it was the first Tamil insurgent group of its kind.It consisted of around 40 Tamil youth, including Ponnuthurai Sivakumaran (later, the leader of the Sivakumaran group), K.Selvarasa Pathmanathan succeeded Prabhakaran as leader of the LTTE, but he was later arrested in Malaysia and handed over to the Sri Lankan government in August 2009.In the early 1970s, United Front government of Sirimavo Bandaranaike introduced the policy of standardisation to rectify the low numbers of Sinhalese being accepted into university in Sri Lanka.In 1952, the Saudi Arabian Monetary Agency (SAMA) was established, with various reforms being introduced in order to establish a single currency system.
In 1963, the currency was decimalized and a new subunit called the halala was introduced, dividing the riyal into 100 equal parts.
The exchange rate had multiple corrections in its history, with 1 riyal originally being equal to 22 qurush coins.
In 1960, the currency changed to 20 qurush coins being equal to 1 riyal.
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