Omani Rial

About The Omani Rial: The Currency of Oman

Quick Facts About the Omani Rial Notes

Country of Origin	Oman of America
Symbol	ر.ع
Currency Code	OMR
Nick Names
Minor units	Baisa
Denominations (Banknotes)	100, 200 baisa. ½, 1, 5, 10, 20, 50 rials
Motto
Identification Feature	The 50 rial note that was released under 2010 series features the image of Sultan Qaboos bin Said Al Said, Ministry of Finance and Economy Building (Muscat)
Issuing Bank	Central Bank of Oman
In Circulation Since	May 7, 1970
INR Exchange Rate	231.2898 🔄

The Sultanate of Oman maintains its own monetary system, which is known as the Omani rial. The Omani rial was initially known as the rial Saidi, and it was linked to the value of the British pound. Following the successful overthrow of his father in a military coup in 1970, Sultan Qaboos bin Said renamed the country the Sultanate of Oman and replaced the Saidi rial with the Omani rial as the country's official currency.

The current rate of Omani Rial is INR (231.2898 🔄) . You can keep an eye on the live Omani Rial value. One Omani rial is equivalent to 100 baisa.

History of the Omani Rial

Prior to World War II, the most common forms of payment in Muscat and Oman were the Indian rupee and the Maria Theresa thaler (often known as the rial owing to its comparable size to the Spanish eight-real coin).

First issued in 1940 for usage in Dhofar, coins for Oman did not enter circulation until 1946. Since 1959, both the Indian rupee and the Gulf rupee have been in use. On June 6, 1966, the Gulf Rupee was devalued by India by a factor of ten against the Indian Rupee. Several of the states that had been using the Gulf rupee after the devaluation switched to utilising their own currencies.

On May 7th, 1970, Oman switched from using the Gulf rupee to using the Saidi rial, which resulted in a devaluation of the Gulf rupee. Back in those days, one Saidi rial was equivalent to twenty-one rupees from the Gulf. The name of the nation and the denomination of its currency were both changed in 1970 after a change in the country's leadership. The Saidi rial was officially replaced with the Omani rial on November 11, 1972, when the Omani rial was launched as a straight successor for the Saidi rial.

Countries Accepting the Omani Rial

Amount in the Omani Rial You Should Carry for Your Trip

The total cost of your vacation in Oman is determined by a number of factors, some of which are how a person travels to their destination, the type of accommodations they reserve, and the amount of money they spend while they are there. If you are on a budget, you can spend about ﷼35 in a single day on the various forms of entertainment and activities available there. A daily budget of more than ﷼140 is required if you intend to take taxis, eat at upscale restaurants, and stay in hotels that are rated five stars or higher. When travelling to a location that is extremely popular among tourists, the price of a vacation for two people can range between ﷼70 and ﷼300. A single night's stay in an Omani hotel room can set you back anywhere from ﷼10 to ﷼40 per person per day. Depending on whether you walk, ride the bus, or hail a cab to get around each day, your transportation costs could range anywhere from ﷼10 to ﷼40.

You can check out the Omani Rial to Indian Rupees in the last 7 days in order to get an idea about the Omani Rial price.