Omani rial nigerian naira exchange rate history (OMR NGN) December 2023

Omani rial nigerian naira history for December 2023. The highest quote for this month is 2361.39 (22/12/2023) and the lowest 2360.35 (25/12/2023). The difference between high and low is 0.04.

OMR NGN average rate for December 2023 is 2148.51286, the change between 01/12/2023 and 31/12/2023 is -13.55 %.

01 December 2023	1 OMR = 2059.31 NGN
02 December 2023	1 OMR = 2047.29 NGN
03 December 2023	1 OMR = 2047.29 NGN
04 December 2023	1 OMR = 2117.07 NGN
05 December 2023	1 OMR = 2081.58 NGN
06 December 2023	1 OMR = 2090.72 NGN
07 December 2023	1 OMR = 2093.32 NGN
08 December 2023	1 OMR = 2086.88 NGN
10 December 2023	1 OMR = 2052.48 NGN
11 December 2023	1 OMR = 2091.15 NGN
12 December 2023	1 OMR = 2065.16 NGN
13 December 2023	1 OMR = 2090.73 NGN
14 December 2023	1 OMR = 2090.95 NGN
15 December 2023	1 OMR = 2061.20 NGN
16 December 2023	1 OMR = 2049.88 NGN
17 December 2023	1 OMR = 2049.88 NGN
18 December 2023	1 OMR = 2090.09 NGN
19 December 2023	1 OMR = 2058.08 NGN
20 December 2023	1 OMR = 2085.63 NGN
21 December 2023	1 OMR = 2149.46 NGN
22 December 2023	1 OMR = 2150.97 NGN
23 December 2023	1 OMR = 2351.67 NGN
24 December 2023	1 OMR = 2349.48 NGN
25 December 2023	1 OMR = 2355.28 NGN
26 December 2023	1 OMR = 2361.94 NGN
27 December 2023	1 OMR = 2359.46 NGN
28 December 2023	1 OMR = 2333.10 NGN
29 December 2023	1 OMR = 2338.31 NGN

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

Historic Omani rial Nigerian Naira