Oman Rial (OMR)

What is the Omani Rial?

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

Figuring out the Omani Rial (OMR)

The Omani rial was made during the mid 1970s, as a replacement to the Indian rupee and Maria Teresa Thaler. It was part of a modernization exertion, embraced in the wake of a defiance. The currency is pegged to the [U.S. dollar](/usd-US dollar), however the rate was adjusted in 1986.