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500 Riyals

Issuer Qatar Central Bank
Year 2003
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Currency Riyal (1973-date)
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Obverse description Light and dark blue on multicolour underprint, with intricate geometric and floral guilloche patterns occupying the left and central fields, framed by an ornate arch vignette at left. The denomination خمسمائة ريال (Five Hundred Riyals) is rendered in large Arabic script at centre, with Arabic inscriptions and two manuscript-style signatures below; the Qatar Central Bank seal and the numerals ٥٠٠ appear in contrasting intaglio print at lower left and right.
Obverse lettering مصرف قطر المركزي
خمسمائة ريال
وزير المالية
المحافظ
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Comments

Qatar's 2003 banknote series was the first issued under the Qatar Central Bank following its formal separation from the Qatar Monetary Agency, which had managed currency since 1973. The 500 Riyal was the highest denomination in that series — a denomination that, at contemporary exchange rates, represented a substantial sum even by Gulf standards, and one not intended for routine retail circulation.

Thomas De La Rue's production for Gulf states during this period was consistent but unflashy by the firm's own standards. The security specification here — watermark and thread only — is notably light for a high-value note from this decade, when many comparable issues were already incorporating color-shifting ink or holographic strips.

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