Omani Rial
Top 6 Facts About The Omani Rial
Omani Riyals Symbol: R.O. | Code: OMR
1. The official and national currency of the Sultanate of Oman is the Omani Rial, abbreviated as OMR.
2. The Saidi Rial was introduced in May 1970 to replace the Gulf rupee, which was later replaced by Omani Rials at par on 11 November 1972.
3. The OMR is pegged with the USD at an exchange rate of 1 rial equals US$2.6008.
4. The Central Bank of Oman is the sole entity that controls and manages OMR.
5. Since Omani Rials is pegged to the U.S. Dollar, the exchange rate fluctuates very little; however, it might fluctuate in case of other currencies.
6. Currently, there are seven banknotes in circulation, which are in 100 baiza, 200 baiza, 1 rial, 5 rials, 10 rials, 20 rials and 50 rials denominations.
Omani Rial (OMR)
Exchange Rate
What is the interbank exchange rate for the Omani Rial ?
1 GBP = 0.529764 OMR
Last update date : 17-10-2021 13:45:49
