Omani rial

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.

Omani rial
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
​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

History

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

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

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