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LOCAL CURRENCY IN OMAN

Would you like to know name of the currency in Oman? The local money in Oman is called Rial.

The Omani Rial is issued and managed by the Central Bank of Oman. To find out the current currency exchange rates for Rial to other major currencies of the world, click on foreign currency rates.

Omani Currency Information
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The currency used in Oman is called as the Rial. This currency is denoted with the currency sign ?.?. and the ISO 4217 Code for the Omani Rial is OMR. The Rial, is the official currency of the Oman . It is divided into 100 smaller units called .

The constitution of Oman provides that the Oman government shall have the power to print the Omani Rial and coins to be used as a legal tender in Oman. The Omani Rial bank notes and coins are both designated as "legal tender" in payment of debts.

The Omani Rial bill uses the decimal system, consisting of 100 equal units.

The symbol ?.?., usually written before the numerical amount, is used for the Omani Rial.

Currently printed bank notes denominations are 100, 200 baisa, ½, 1, 5, 10, 20, 50 rials and the coins are minted in the denominations of 5, 10, 25, 50 baisa .

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How Does Balance of Trade and Investment Affect the Value of the Omani Rial
Financial analysts regularly cite the balance of trade and investment in Oman as the most important influence on the value of the Rial. The difference between what the Oman exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Rial exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Rial exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Omani Rial.
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