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Omani rial · OMR

ر.ع. symbol · 1 country currently using this currency.

Currency info

Adopted: 1973

Currency family: Other

The Omani rial is one of the highest-valued currencies in the world by denomination, with banknotes reaching 100 rial notes.

  • Introduced in 1973, replacing the Omani rupee at a rate of 1 rial = 21 rupees
  • Subdivided into 1,000 baisa, reflecting Oman's historical trade connections
  • Pegged to the US dollar since 1986 at a fixed rate of 1 OMR = 2.6008 USD
  • One of the world's least volatile currencies due to its dollar peg and oil-backed economy
  • The rial symbol (ر.ع.) combines Arabic letters representing 'riyal' and 'Omani'

Countries currently using this currency

Related

Historical predecessor

Omani rupee