1 Riyal

The Qatar Monetary Agency was established in 1973 specifically to replace the Qatar and Dubai Currency Board, giving Qatar independent monetary authority following the withdrawal of British forces from the Gulf. This 1 Riyal belongs to the QMA's second note series, introduced from 1980 onward as a redesigned replacement for the earlier issues that had served the newly independent state through its first decade.

Thomas De La Rue's involvement was continuous across both QMA series — the relationship predated Qatari independence and carried over without interruption. The watermark remains the sole security feature, modest even by the standards of the period.