OMROmani RialOmani Rial (OMR)
The Omani rial is Oman's national currency and a Gulf monetary unit used in an open economy with energy, logistics and Indian Ocean trade links.
- ISO code
- OMR
- Symbol
- ر.ع.
- Region
- Middle East
- Currency type
- Fiat currency
- Exchange system
- Pegged to the US dollar
- Last reviewed
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OMR converter
OMRRate date:
Quick facts
OMR at a glance
Currency profile
How OMR works
The Omani rial is Oman's national currency and a Gulf monetary unit used in an open economy with energy, logistics and Indian Ocean trade links.
The Central Bank of Oman issues rial currency and supports the fixed exchange-rate regime that anchors OMR to USD.
- OMR is divided into 1,000 baisa and is therefore displayed with three decimal places.
- The official peg has remained at 1 OMR to 2.6008 USD since the last parity change in 1986.
Context
Why this currency matters
OMR reflects Oman's choice of a stable dollar anchor for an open, energy-linked economy. Its 1,000-baisa subdivision explains three-decimal notation, while the fixed 2.6008 USD parity explains the policy framework; both are distinct from a provider's dated retail-neutral conversion.
Monetary framework
Exchange arrangement
OMR is fixed at 1 Omani rial to 2.6008 U.S. dollars. CurrencyHub's provider reference rate is a separate dated calculation and not a replacement for the official parity statement.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for OMR
Rial Saidi introduced
The rial Saidi replaced the Gulf rupee as Oman's national monetary unit.
Central Bank of Oman - fixed pegOmani rial name adopted
The currency was renamed the Omani rial at parity with the rial Saidi.
Central Bank of Oman - fixed pegCurrent U.S.-dollar parity established
The fixed rate was set at 1 OMR to 2.6008 USD and has remained the official parity.
Central Bank of Oman - fixed peg
Usage and economy
How OMR is used
- Prices, wages and payments in Oman.
- Trade and labor-payment comparisons involving AED, SAR, QAR and INR.
Country currency guides
Banknotes and coins
OMR currency units
The Central Bank of Oman documents the current rial banknote series.
The Central Bank of Oman documents rial and baisa coins within the national currency system.
One Omani Rial unit is recorded with 3 decimal places and uses Baisa as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
OMR questions
Why is OMR linked to USD?
Oman uses the fixed dollar peg as the preferred exchange-rate regime for its open, energy-linked economy.
Why does OMR use three decimal places?
One Omani rial is divided into 1,000 baisa, so three-decimal monetary notation is standard.
What was the rial Saidi?
The rial Saidi replaced the Gulf rupee in 1970 and was renamed the Omani rial at parity in 1972.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.