About the Omani Rial
The Omani Rial was introduced in 1970, replacing the Said-Rial. It has been pegged to the U.S. Dollar since 1973.
The name 'Rial' is derived from the Spanish 'real', a silver coin once widely used in the Middle East.
Interesting Facts
A High-Value Currency
The Omani Rial is one of the world's highest-valued currencies, a testament to Oman's oil wealth and prudent economic management. It is consistently ranked among the top 10.
Fixed to the US Dollar
The Rial has been pegged to the U.S. Dollar at a rate of 1 OMR = 2.6008 USD since 1986, ensuring currency stability.
Sultan Qaboos
All Omani banknotes feature the portrait of Sultan Qaboos bin Said Al Said, who ruled Oman for nearly 50 years and is credited with modernizing the country.
Historical Timeline
The Omani Rial replaces the Said-Rial.
The Rial is pegged to the U.S. Dollar at a fixed rate.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- OMR
- Symbol
- ر.ع.
- Numeric Code
- 512
- Subunit
- Baisa (1/1000)
- Introduced
- 1970-01-01
Central Bank
- Name
- Central Bank of Oman
- Headquarters
- Muscat, Oman
- Founded
- 1974
- Current Governor
- Tahir Al-Amri (since 2017)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.1%
- Interest Rate
- 6.00%
Exchange Rates
What Affects the OMR Exchange Rate?
Ready to Convert OMR?
Get real-time exchange rates and convert Omani Rial to any currency.
