QAR stands for Qatari riyal, which is the official currency of Qatar, a country located in the Middle East. The Qatari riyal is subdivided into 100 dirhams and is abbreviated as QR. It is managed by the Qatar Central Bank and is used for a variety of transactions within Qatar, including commerce, investment, and tourism. The Qatari riyal is pegged to the US dollar at a fixed exchange rate of 3.64 QAR per USD. The currency is denoted by the symbol “ر.ق” or “QR”.