Historic Omani rial Nigerian Naira

Omani rial nigerian naira history for February 2024. The highest quote for this month is 4245.76 (28/02/2024) and the lowest 4184 (23/02/2024). The difference between high and low is 1.45.

OMR NGN average rate for February 2024 is 3828.35556, the change between 01/02/2024 and 29/02/2024 is -36.53 %.

01 February 20241 OMR = 3112.89 NGN
02 February 20241 OMR = 3107.53 NGN
03 February 20241 OMR = 3670.44 NGN
04 February 20241 OMR = 3670.44 NGN
05 February 20241 OMR = 3104.49 NGN
06 February 20241 OMR = 3650.62 NGN
07 February 20241 OMR = 3669.61 NGN
08 February 20241 OMR = 3695.98 NGN
09 February 20241 OMR = 3659.08 NGN
12 February 20241 OMR = 3839.25 NGN
13 February 20241 OMR = 3918.30 NGN
14 February 20241 OMR = 3950.34 NGN
15 February 20241 OMR = 3952.52 NGN
16 February 20241 OMR = 3954.32 NGN
17 February 20241 OMR = 3877.22 NGN
18 February 20241 OMR = 3877.22 NGN
19 February 20241 OMR = 3889.02 NGN
20 February 20241 OMR = 3893.30 NGN
21 February 20241 OMR = 4186.55 NGN
22 February 20241 OMR = 4188.33 NGN
23 February 20241 OMR = 4188.32 NGN
24 February 20241 OMR = 3866.97 NGN
25 February 20241 OMR = 3866.97 NGN
26 February 20241 OMR = 4184.03 NGN
27 February 20241 OMR = 4026.01 NGN
28 February 20241 OMR = 4115.75 NGN
29 February 20241 OMR = 4250.10 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.
OMR NGN July 2023
OMR NGN August 2023
OMR NGN September 2023
OMR NGN October 2023
OMR NGN November 2023
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OMR NGN January 2024
OMR NGN February 2024
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OMR NGN July 2024