Currency Rate
Omani Rial to USD
Our Currency Rate OMR latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the OMR. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
OMR 2.427451
Selling rate
OMR2.792893
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The Omani rial (symbol: ر.ع.; code: OMR) is the official currency of Oman.
Currency Details
- Country code OM
- Symbol OMR
- ISO Code OMR
- Subunits 1 Rial = 1000 Baisa
Coins
- 5 baisa
- 10 baisa
- 25 baisa
- 50 baisa
- 100 baisa
- ¼ rial
- ½ rial
Banknotes
- 100 baisa
- ½ rial
- 1 rial
- 5 rials
- 10 rials
- 20 rials
- 50 rials
Omani Rial (OMR)
History and Background
The Omani Rial has been the official currency of Oman since 1973, replacing the Gulf Rupee. It is managed and issued by the Central Bank of Oman.
Economic Significance
The OMR is crucial to Oman's economy, facilitating trade, investment, and daily transactions. Oman's economy is primarily driven by oil exports, tourism, fishing, and agriculture.
Usage and Exchange
The Omani Rial is widely accepted across Oman for all transactions. For international visitors and expatriates, exchanging foreign currency for Omani Rials can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Omani Rial is more than just a currency; it is a symbol of Oman's economic stability, rich cultural heritage, and natural beauty. Understanding the OMR is essential for anyone engaging with Oman's economy, whether as a resident or a visitor. The stability and accessibility of the Omani Rial play a significant role in the country's economic growth and development.
History and Background
The Omani Rial has been the official currency of Oman since 1973, replacing the Gulf Rupee. It is managed and issued by the Central Bank of Oman.
Economic Significance
The OMR is crucial to Oman's economy, facilitating trade, investment, and daily transactions. Oman's economy is primarily driven by oil exports, tourism, fishing, and agriculture.
Usage and Exchange
The Omani Rial is widely accepted across Oman for all transactions. For international visitors and expatriates, exchanging foreign currency for Omani Rials can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Omani Rial is more than just a currency; it is a symbol of Oman's economic stability, rich cultural heritage, and natural beauty. Understanding the OMR is essential for anyone engaging with Oman's economy, whether as a resident or a visitor. The stability and accessibility of the Omani Rial play a significant role in the country's economic growth and development.