The tiny but wealthy nation of Qatar is home to a unique currency system. While the official currency is the Qatari Riyal (QAR), many people in Qatar also use a secondary currency known as Qid. This informal unit of exchange is used for small purchases and everyday transactions, such as buying food or paying for transportation. But how much is one Qid worth? In this article, we’ll explore the history and value of the Qid in Qatar, and how it fits into the country’s larger economic landscape.
How much is Qid in Qatar? Qatar ID (QID) is a form of identification issued to citizens and residents of Qatar. The cost of renewing a QID is QR 1,000 for employees sponsored by companies, institutions and shops for one year, and QR 300 for employees on personal sponsorships, servants, farmers and sailors for one year. The renewal fees are applicable until April 13, 2022.
As it can be seen, the cost of living in Qatar is quite high, especially when it comes to the cost of qid. However, there are certain measures which can be taken to reduce the cost of qid and make life more affordable. These include looking for discounts and promotions, using public transport or carpooling instead of driving and taking advantage of online shopping options. By taking these steps, living in Qatar does not have to be expensive and qid can become more affordable for everyone.
