Oman Rial (OMR)

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James Chen
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James Chen, CMT is an expert trader, investment adviser, and global market strategist.

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Updated November 24, 2022
Reviewed by Akhilesh Ganti
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Suzanne Kvilhaug
Suzanne Kvilhaug Suzanne Kvilhaug
Fact checked by Suzanne Kvilhaug
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Suzanne is a content marketer, writer, and fact-checker. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands.
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What is the Omani Rial?

The currency of Oman. The Omani rial is broken into smaller units, called baisa, and is found in both coin and banknote form. It is managed by the Central Bank of Oman.

Understanding the Omani Rial (OMR)

The Omani rial was created during the early 1970s, as a replacement to the Indian rupee and Maria Teresa Thaler. It was part of a modernization effort, undertaken in the wake of a rebellion. The currency is pegged to the U.S. dollar, though the rate was adjusted in 1986.

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  1. Central Bank of Oman. "Currency." Accessed March 22, 2021.

  2. Central Bank of Oman. "Currency Museum." Accessed March 22, 2021.

  3. Central Bank of Oman. "The Fixed Peg of the RO to the US Dollar." Accessed March 22, 2021

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