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 2.429741
Selling rate
OMR2.795528
Omani Rial (OMR)
Currency Details
Symbol: ر.ع. or RO
ISO Code: OMR
Subunits: 1 Rial = 1000 baisa
Banknotes and Coins
The Omani Rial is available in both coins and banknotes:
Coins:
Coins are available in denominations of
5 baisa
10 baisa
25 baisa
50 baisa
100 baisa
Banknotes:
Current banknotes in circulation:
100 baisa (rarely used)
½ rial
1 rial
5 rials
10 rials
20 rials
50 rials
The banknotes and coins of the Omani Rial feature various cultural motifs, historical figures, and landmarks of Oman.
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.
Currency Details
Symbol: ر.ع. or RO
ISO Code: OMR
Subunits: 1 Rial = 1000 baisa
Banknotes and Coins
The Omani Rial is available in both coins and banknotes:
Coins:
Coins are available in denominations of
5 baisa
10 baisa
25 baisa
50 baisa
100 baisa
Banknotes:
Current banknotes in circulation:
100 baisa (rarely used)
½ rial
1 rial
5 rials
10 rials
20 rials
50 rials
The banknotes and coins of the Omani Rial feature various cultural motifs, historical figures, and landmarks of Oman.
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.