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Encyclopedia > Omani rial
Omani rial
ريال عماني (Arabic)
1 Omani rial
1 Omani rial
ISO 4217 Code OMR
User(s) Oman
Inflation 1.2%
Source The World Factbook, 2005 est.
Pegged with rial = 2.6008 dollars US dollars
Subunit
1/1000 baisa
Symbol ر.ع.
Coins 5, 10, 25, 50, 100 baisa, ¼, ½ rial
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. Image File history File links Omani_rial. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... Rial (ريال in Arabic, ریال in Persian) is the title of the official currency of Iran, Oman, and Yemen. ... ISO 4217 Code IRR User(s) Iran Inflation 13. ... 1000 Yemeni Rial The rial or riyal is the currency of Yemen. ...


The Omani rial (ISO 4217 code OMR) is the official currency of Oman. It is divided into 1000 baisa (baiza). ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...


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 = 1313 rupees. Earlier rial coins issued in Oman were equivalent to the Maria Theresa Thaler. ISO 4217 Code SAR User(s) Saudi Arabia Inflation rate 0. ... The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959. ... Maria Theresa Thaler. ...

Contents

[edit]

Coins

  • 5 baisa
  • 10 baisa
  • 25 baisa
  • 50 baisa
[edit]

Banknotes

  • 100 baisa
  • 200 baisa
  • ½ rial (500 baisa)
  • 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. ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good. ... The Kuwaiti dinar (ISO 4217 code KWD) is Kuwaits official currency. ... The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. ... The Bahraini Dinar is the official currency of Bahrain. ...

Current OMR exchange rates

As of 16 September 2006, the rate was
1 USD = 0.385000 OMR
1 EUR = 0.486947 OMR
1 GBP = 0.72286 OMR
1 OMR = 304.805 JPY
edit this exchange rate September 16 is the 259th day of the year (260th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... ISO 4217 Code EUR User(s) European Union; Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ... For details of notes and coins, see British coinage and British banknotes. ... ISO 4217 Code JPY User(s) Japan Inflation rate -0. ...

Use Yahoo! Finance: AUD BRL CAD CHF CNY EUR GBP INR JPY MXN RUB USD
Use XE.com: AUD BRL CAD CHF CNY EUR GBP INR JPY MXN RUB USD

Note: These rates are obtained from xe.com and may contradict with pegged rate mentioned above

[edit]

See also

[edit]

The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959. ... The Cooperation Council for the Arab States of the Gulf (Arabic: مجلس التعاون لدول الخليج), formerly named and still commonly called Gulf Cooperation Council (GCC) (مجلس التعاون الخليجي) is a regional organization involving the six Persian Gulf Arab States with many economic and social objectives in mind. ...

References

  1. ^ Chapter six, CBO Annual Report 2003
  2. ^ Daily exchange rate, Central Bank of Oman
[edit]

External links

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

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 News stories from Wikinews Wikipedia does not have an article with this exact name. ... Image File history File links Wikibooks-logo. ... Image File history File links Wikiquote-logo. ... Image File history File links Wikisource-logo. ... Image File history File links Commons-logo. ... Image File history File links Wikinews-logo. ...

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


The Gulf Rupee, also known as the Persian Gulf Rupee (XPGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India [Amendment] Act, 1 May 1959. ... For details of notes and coins, see British coinage and British banknotes. ... 1970 (MCMLXX) was a common year starting on Thursday (the link is to a full 1970 calendar). ... 1973 (MCMLXXIII) was a common year starting on Monday. ...

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 livre | 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
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  Results from FactBites:
 
Omani rial Information (292 words)
The Omani rial was introduced to replace rial Saidi (not to be confused with Saudi riyal) at par in 1973.
The rial Saidi had been introduced in 1970 to replace the Gulf rupee at a rate of 1 rial = 13
Earlier rial coins issued in Oman were equivalent to the Maria Theresa Thaler.
  More results at FactBites »

 
 

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