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Omani rial

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Omani rial
Front of the 10 Omani Rial banknote before 2020
Front of the 10 Omani Rial banknote before 2020
ISO 4217 Code OMR
User(s)  Oman
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
11000 baisa
Symbol ر.ع. R.O or ﷼
Coins
Freq. used 5, 10, 25, 50 baisa
Banknotes
Freq. used 100 baisa, ​12, 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.

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

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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

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The rial is fixed to be same as 2.597588 USD.[6]

References

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  1. Writer, Staff; Observer, Oman Daily. "Omani riyal is third strongest in the world". www.zawya.com. Retrieved 2025-05-16.
  2. "Top 10 highest valued currencies in the world". The Times of India. 2024-07-16. ISSN 0971-8257. Retrieved 2025-05-17.
  3. "S&P cuts Oman's sovereign rating a second time this year". Al Jazeera. Retrieved 2025-05-17.
  4. Heyman, Taylor. "Oman unveils new banknotes bearing face of Sultan Haitham". The National. Retrieved 2025-05-17.
  5. 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.
  6. guagenti, calogero (2025-05-16). "OMR To USD: Convert Omani Rial to United States Dollar". Forbes Advisor. Retrieved 2025-05-17.