Oman The Omani Rial (OMR) is the official currency of Oman, a country on the Arabian Peninsula. It is issued and regulated by the Central Bank of Oman. The Omani Rial is one of the highest-valued currencies in the world, with 1 OMR being equivalent to approximately 2.60 USD. This high valuation is due to Oman’s strong oil-based economy and its monetary policies. The currency is available in both banknotes and coins, and it is subdivided into 1,000 baisas. Oman’s economy is driven by oil exports, trade, and growing investments in tourism and infrastructure development.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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