The Omani Rial is the currency of Oman.The currency code for Rials is OMR, and the currency symbol is ï·¼. It is divided into 1000 baisa (also written baiza). The most popular exchange rate is Omani Rial to Indian rupee. The Central Bank of Oman issues Omani Rial.
Currency Facts
| OMR Stats | OMR Profile |
| Name :Omani Rial | Central Bank :Central Bank of Oman Website:http://www.cbo-Oman.org |
| Symbol :ï·¼ Baisa: bz | Coins :Freq Used :bz5, bz10, bz25, bz50 |
| Minor Unit : 1/1000 = Baisa | Banknotes : Freq Used :50 ï·¼ , 20 ï·¼10 ï·¼ , 5ï·¼, 1 ï·¼ ,bz100, bz200, bz500 |
| Top LKR Conversion:OMR/INR | Users :Oman |
Omani Rial History
Before 1940, the main currencies circulating in Muscat and Oman- it was called by this name back then- was Indian rupee and the Maria Theresa thaler (known locally as the rial). The rupees were circulating on the coast and Thaler in the interior. Maria Theresa Thaler were valued at 230 paisa, with 64 paisa equal to the rupee. In 1940, coins were introduced for use in Dhofar, followed, in 1946, by coins for use in Oman. Both coinages were denominated in baisa (equivalent to the paisa), with 200 baisa to the rial. The Indian rupee and, from 1959, the Gulf rupee continued to circulate.In 1970, the rial Saidi (not to be confused with Saudi riyal) was made the currency of Oman. It was equal to the British pound and replaced the Gulf rupee at a rate of approximately 21 rupees to the rial. The new rial was subdivided into 1000 baisa. The rial Omani replaced the rial Saidi at par in 1973. The currency name was altered due to the regime change in 1970 and the subsequent change of the country's name.
