Omani rial

From Wikipedia, the free encyclopedia

You have new messages (last change).

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^[1], 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^[2]. It is the fourth highest valued currency unit after the Kuwaiti dinar, Maltese lira, and the Bahraini dinar.

Current OMR exchange rates

Use Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com:	AUD CAD CHF EUR GBP HKD JPY USD

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

[edit] See also

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

Dictionary definitions from Wiktionary
Textbooks from Wikibooks
Quotations from Wikiquote
Source texts from Wikisource
Images and media from Commons
News stories from Wikinews
Learning resources from Wikiversity

[edit] References

[edit] External links

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

Currencies of Asia and the Pacific
Central	Afghan afghani \| Kazakhstani tenge \| Kyrgyzstani som \| Mongolian tugrug \| Russian ruble \| Tajikistani somoni \| Turkmenistani manat \| Uzbekistani som
East	Chinese yuan \| Hong Kong dollar \| Japanese yen \| Macanese pataca \| North Korean won \| South Korean won \| New Taiwan dollar
South-East	Brunei dollar \| Cambodian riel \| Indonesian rupiah \| Lao kip \| Malaysian ringgit \| Myanmar kyat \| Philippine peso \| Singapore dollar \| Thai baht \| US dollar (East Timor) \| Vietnamese đồng
South	Bangladeshi taka \| Bhutanese ngultrum \| Indian rupee \| Maldivian rufiyaa \| Nepalese rupee \| Pakistani rupee \| Sri Lankan rupee
West	Armenian dram \| Azerbaijani manat \| Bahraini dinar \| Cypriot pound \| Egyptian pound \| Georgian lari \| Iranian rial \| Iraqi dinar \| Israeli new sheqel \| Jordanian dinar \| Kuwaiti dinar \| Lebanese lira \| Omani rial \| Qatari riyal \| Saudi riyal \| Syrian pound \| Turkish new lira \| UAE dirham \| Yemeni rial
Pacific	Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) \| CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) \| Cook Islands dollar \| Fijian dollar \| New Zealand dollar (Cook Islands, Niue, Tokelau, Pitcairn Islands) \| Papua New Guinean kina \| Samoan tala \| Solomon Islands dollar \| Tongan pa'anga \| US dollar (American Samoa, Guam, Northern Mariana Islands, Marshall Islands, Federated States of Micronesia, Palau) \| Vanuatu vatu
This box: view • talk • edit