Omani rial
Appearance
Omani rial | |||
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| |||
ISO 4217 Code | OMR | ||
User(s) | ![]() | ||
Inflation | 4.1% | ||
Source | The World Factbook, 2011 est. | ||
Pegged with | US dollar (USD) 1 OMR = 2.6008 USD (exact) 1 USD = 0.384497 OMR (approx.) | ||
Subunit | |||
1⁄1000 | baisa | ||
Symbol | ر.ع. R.O or ﷼ | ||
Coins | |||
Freq. used | 5, 10, 25, 50 baisa | ||
Banknotes | |||
Freq. used | 100 baisa, 1⁄2, 1, 5, 10, 20, 50 rials | ||
Central bank | Central Bank of Oman | ||
Website | cbo.gov.om |
The Omani rial (Arabic: الريال العماني, ISO 4217 code OMR) is the official money used in Oman. It was third strongest currencies in the world.[1] It was listed in top ten strongest currencies in the world.[2] It is divided into 1000 baisa. It was officially started on 11 November 1972.
History
[change | change source]In 2020, S&P cuts this money sovereign rating for the second time.[3] On January 2021, Rial was started new banknotes.[4]
In 2024, Riai cancels the use of selected banknotes.[5]
Banknotes and coins
[change | change source]There are 100 baisa, 1.2 rial, 1 rial, 5 rial, 10 rial, 20 rial and 50 rial banknotes; and 2, 5, 10, 20 and 50 baisa coins.
Exchange rate
[change | change source]The rial is fixed to be same as 2.597588 USD.[6]
References
[change | change source]- ↑ Writer, Staff; Observer, Oman Daily. "Omani riyal is third strongest in the world". www.zawya.com. Retrieved 2025-05-16.
- ↑ "Top 10 highest valued currencies in the world". The Times of India. 2024-07-16. ISSN 0971-8257. Retrieved 2025-05-17.
- ↑ "S&P cuts Oman's sovereign rating a second time this year". Al Jazeera. Retrieved 2025-05-17.
- ↑ Heyman, Taylor. "Oman unveils new banknotes bearing face of Sultan Haitham". The National. Retrieved 2025-05-17.
- ↑ Writer, Staff (2024-01-08). "Oman cancels certain banknotes - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". www.arabianbusiness.com. Retrieved 2025-05-17.
- ↑ guagenti, calogero (2025-05-16). "OMR To USD: Convert Omani Rial to United States Dollar". Forbes Advisor. Retrieved 2025-05-17.