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Omani Rial

The Rial Omani is the official currency of the Sultanate of Oman (code ISO 4217 is OMR ) since 1970.

A rial is divided into 1000 kissed it.

It has a rate pegged to the U.S. dollar : A rial worth 2.895.

History

Before 1940, the Indian rupee and the thaler of Maria Theresa circulate together in the Sultanate, the first on the coast and the second in the interior. The taler then has a value of 230 paisa and 64 paisa worth a rupee. In 1940 , new coins are introduced in Dhofar , followed in 1946 by parts used in Oman. Both programs have made monetary kissed (equivalent paisa) and 200 Baisas worth one rial. The Indian rupee and, from 1959, the Gulf rupee then circulate in parallel.

In 1970, the rial Saidi (not to be confused with the Saudi Rial ) becomes the official currency of Oman. Its value is fixed at parity with the pound and it replaces the Gulf rupee with an approximate exchange rate of 21 rupees to the rial. In 1973, the rial Omani Rial Saidi replaces. The conversion rate is one to one: it is mainly due to the change of regime took place in 1970 and change the official name of the country that ensued.

Economy of Oman

Monetary units main current of Asia
Central Asia	Afghan afghani Turkmenistan Manat Russian Ruble Kyrgyz Som Tajik Somoni Uzbek Sum Kazakh Tenge Mongolian Tugrik
East Asia	Hong Kong Dollar New Taiwan Dollar North Korean Won Korean Won Japanese Yen Chinese Yuan
Southeast Asia	Baht U.S. Dollar Brunei Dollar Singapore Dollar Dong Kip Kyat Philippine Peso Riel Ringgit Indonesian Rupiah
South Asia	Ngultrum Indian Rupee Nepalese Rupee Pakistan Rupee Sri Lankan Rupee Rufiyaa Taka
West Asia	Bahraini Dinar Iraqi Dinar Jordanian Dinar Kuwaiti Dinar UAE Dirham Lebanese Pound Syrian Pound Lira Iranian Rial Omani Rial Qatari Rial Saudi Riyal Yemeni Rial Shekel