RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.5753 QAR (Qatari Rial). It is the official currency of Qatar, which is a peninsular Arab country. 1 QAR (Qatari Rial) is sub-divided into100 Dirhams. The issue of the currency is controlled by the central bank, Qatar Central Bank. Since July 2001, the QAR (Qatari Rial) is pegged to the United States Dollar at 1 USD = 3.64 Rial.