OMR · OMR
Omani Rial (OMR)
The Omani Rial (OMR) is the official currency of Oman, pegged to the US dollar at a fixed rate. It is known for its high value and stability.
Convert this currency
Converted amount
2.5974 USD
Exchange rate
1 OMR = 2.597403 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
OMR · Omani Rial
OMR - Omani Rial: Overview, History, and Usage
The Omani Rial (OMR) is the official currency of the Sultanate of Oman, a country located on the southeastern coast of the Arabian Peninsula. Introduced in the 1970s, the currency replaced the Gulf Rupee and has since been a symbol of the nation's economic development. The Omani Rial is subdivided into 1,000 baisa, and its banknotes and coins are issued by the Central Bank of Oman.
The Omani Rial is notable for being one of the highest-valued currencies in the world. This high value is largely due to Oman's significant oil and gas exports, which provide substantial revenue to the country. The currency has been pegged to the US dollar since 1986, with a fixed exchange rate of approximately 1 OMR = 2.60 USD. This peg provides stability for international trade and investment, making the Omani Rial a reliable medium of exchange.
In everyday use, the Omani Rial is used for all transactions within Oman, from retail purchases to large-scale commercial deals. The currency is widely accepted in the country, and its stability makes it a preferred choice for savings and investments. While the Omani Rial is not commonly traded on global forex markets, it remains an important currency in the Middle East region, reflecting Oman's economic strength and prudent fiscal management.
- Code
- OMR
- Symbol
- OMR
- Current rate
- USD / OMR
Currency information
Last updated · 8/7/2026
Introduced in 1970, replacing the Gulf Rupee.
- Official name
- Omani Rial
- Legal tender status
- Legal tender in Oman
- Decimal places
- 3
- Minor unit
- Baisa · 1 OMR = 1000 Baisa
- Countries
- Oman
- Issuing authority
- Central Bank of Oman
- Central bank
- Central Bank of Oman · Official website
- Exchange-rate regime
- Pegged to the US dollar
Common banknotes
1 Baisa · 5 Baisa · 10 Baisa · 25 Baisa · 50 Baisa · 100 Baisa · 250 Baisa · 500 Baisa · 1 Rial · 5 Rials · 10 Rials · 20 Rials · 50 Rials
Common coins
5 Baisa · 10 Baisa · 25 Baisa · 50 Baisa · 100 Baisa · 250 Baisa · 500 Baisa
Also known as
OMR · Omani Rial · ر.ع.
Practical notes
- The rial is subdivided into 1000 baisa.
- Banknotes are issued in denominations of 100 baisa and above.
Priority currency pairs
The most useful conversions for this currency.
Omani Rial questions
What is the OMR exchange rate?
The displayed rate is the latest available reference rate for USD/OMR. It can change throughout the day.
How can I convert OMR online?
Use the converter above to calculate indicative amounts between OMR and the other supported currencies.