OMR

Omani Rial

OMR is the official currency of Oman. It is issued by the Central Bank of Oman and is the third-highest valued currency unit in the world.

The rial is subdivided into 1,000 baisa and has been pegged to the US dollar at 1 OMR = 2.6008 USD since 1986. Oman's significant oil and gas revenues support this stable peg. The currency was introduced in 1970, replacing the Gulf rupee.

Related Terms

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United States Dollar

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United Arab Emirates Dirham

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SAR

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BHD

Bahraini Dinar

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Central Bank of Oman

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