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Omani rial

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1 Omani rial

ISO 4217 Code OMR

User(s) Oman

Inflation 1.2%

Source The World Factbook, 2005 est.

Pegged with rial = 2.6008 U.S. dollars

Subunit

1/1000 baisa

Symbol ر.ع.

Coins 5, 10, 25, 50 baisa

Banknotes 100, 200 baisa, ½, 1, 5, 10, 20, 50 rials

Central bank

Central Bank of Oman

Website www.cbo-oman.org

For other currencies called rial see Iranian rial or Yemeni rial.

The Omani rial (ISO 4217 code OMR) is the official currency of Oman. It is divided into 1000 baisa (baiza).

The Omani rial was introduced to replace rial Saidi (not to be confused with Saudi riyal) at par in 1973. The currency name was changed due to the regime change in 1970 and the subsequent change of the country's name. The rial Saidi had been introduced in 1970 to replace the Gulf rupee at a rate of 1 rial = 13¹⁄₃ rupees. Earlier rial coins issued in Oman were equivalent to the Maria Theresa Thaler.

1 Coins
2 Banknotes
3 Fixed exchange rate
4 See also
5 References
6 External links

[edit] Coins

5 baisa
10 baisa
25 baisa
50 baisa

[edit] Banknotes

100 baisa
200 baisa
½ rial
1 rial
5 rials
10 rials
20 rials
50 rials

[edit] Fixed exchange rate

From 1973 to 1986, the rial was pegged to U.S. dollar at 1 rial = 2.895 dollars. In 1986, the rate was changed to 1 rial = 2.6008 dollars<ref>Chapter six, CBO Annual Report 2003</ref>, which translates to approximately 1 dollar = 0.384497 rial. The Central Bank buys U.S. dollars at 0.384 rial, and sell U.S. dollars at 0.385 rial<ref>Daily exchange rate, Central Bank of Oman</ref>. It is the fourth highest valued currency unit after the Kuwaiti dinar, Maltese lira, and the Bahraini dinar.

Current OMR exchange rates

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Note: Rates obtained from these websites may contradict with pegged rate mentioned above

[edit] See also

[edit] References

[edit] External links

Find more information on Oman by searching Wikipedia's sister projects:

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Preceded by: Gulf rupee Ratio: 1 rial = 13 1/3 rupees = 1 British pound	Currency of Oman 1970 – Note: sometimes known as "rial saidi" before 1973	Succeeded by: Current

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