Omani Rial - OMR


The Omani Rial is the official currency of Oman.


  • Oman’s has achieved significant economic growth since the early 1990s based on the increase in oil prices in 1999.
  • Oman liberalized its markets in order gain membership in the World Trade Organization, which it joined in 2000.
  • The main supports of the economy are no longer goat and camel herding, traditional handicrafts, fishing, and agriculture.
  • At present, Oman’s economy is based in its oil industry. Oil was discovered in 1964 by Fahud in the western desert, and oil production began in August 1967.
  • In the mid-2002, oil production was more than 900,000 barrels per day. Its oil production maintained and supported its exporting demands, but Oman is not a member of the Organization of Petroleum Exporting Countries (OPEC).


  • The Indian Rupee and Maria Theresa Thaler were the main currencies in Muscat and Oman. Indian Rupees circulated on the coast and the Thaler was used in the interior.
  • In 1940, coins were introduced in Dhofar, and in 1946 another series of coins was issued for use in Oman. Both coins were denominated in Baisa, with a rate of 200 Baisa = 1 Rial.
  • The Saudi Riyal became the official currency of Oman in 1970. The Saudi Riyal was equivalent to the British Pound and replaced the Gulf Rupee at a rate of 21 Rupees = 1 Rial.
  • The Omani Rial replaced the Saudi Riyal in 1973.

General Information

Symbols and Names

  • Symbols: ر.ع.
  • Nicknames: none

ISO 4217 Code


Central Bank

Central Bank of Oman

Currency Subunits

  • Baisa = 1/1,000 of a Rial


  • Bills: 100, 200 baisa. ½, 1, 5, 10, 20, 50 rials
  • Coins: 5, 10, 25, 50 baisa

Countries Using This Currency

  • Oman

Currencies Pegged To OMR :


OMR Is Pegged To: