Countries that use the OMR
Currency Exchange Rates for Omani rial? Convert GBP to OMR at todays exchange rate. See money transfer for Oman and historical to restrictions.
Compare Money Transfer Currencies Section (OMR)
Does OMR have any known nicknames?
The Omani Rial â€“ OMR â€“ does not have any known nicknames; the word "rial" roughly translates into English as "regal".
What is the OMR Central Bank's name?
Central Bank of Oman
What is the current inflation rate of OMR?
Currently, the inflation rate of OMR is 0.90%.
Spelling and Capitalization
The Omani Rial is spelled Ø±ÙŠØ§Ù„â€Žâ€Ž, in Arabic.
Use of the currency outside the country
Unlike other currencies such as the Euro, which can be used in many countries of the EU, the Omani Rial is only accepted in Oman. It could be used outside mainly in electronic ways. Furthermore, it should be obtained prior to a visit in Oman.
Exchanging currency in the country
Similarly to other currencies, the OMR can be obtained at a bank before arriving in the state of Oman, and it's useful to have at least a modest sum on hand. Once there, it's recommended to exchange to OMR at banks (like the Central Bank of Oman), or reliable ATM machines. US dollars are usually another accepted currency, but take note that the price might go up if you use them.
Converting from GBP pounds to Omani Rial
Exchanging British Pounds should not be a difficulty, since it is a currency of wide circulation. The banks and official exchange parlours should be the go-to places for conversion. Some places might accept GBP, but not unlike US dollars, beware of increased prices when doing this.
What does GBP to OMR mean?
At the moment, one British Pound is equal to 0,5 Omani Rial (500 baiza).
What is the sign for the Omani Rial?
The Omani Rial does not have a particular symbol, it's internationally noted as OMR.
Is the Omani Rial stable or undervalued? and what is the cause?
The Omani Rial is the 3rd strongest currency in the world. It is a very powerful currency, with the country's economy having an extremely solid foundation of growth. Compared to US dollars or British Pounds, it has remained stable for a long time.
What are the main currencies in use and why?
Some of the most traded currencies in the world are the US dollar, Euro, Sterling Pound and Japanese Yen. Canadian dollars and Swiss francs are also some of the top in circulation in certain parts of the world. Because of this, they can be exchanged anywhere in the world.
Currency Information on Omani Rial - OMR — Omani rial - ر.ع
Coins in denominations of 5, 10, 25, 50 and 100 baisa are available, as are banknotes of 100, 200 baisa, and ½, 1, 5, 10, 20 and 50 rials.
Oman’s currency divides into 1000 baisa ( or baiza) was introduced in 1970 and was equal to the British pound, it replaced the Gulf rupee at a ratio of 21 rupees: 1 rial.
Given the current crisis in my country, I was forced to move abroad to find a better financial life. I’ve been living and working in a good UK job for two years now. Although my wife and children came with me I send money to my relatives in Greece very often. Every time I do so I make sure I'm getting a good currency exchange deal by checking online how to send money abroad at the best rates.
Comment written by Kostas Skordas Architect.
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