Omani Rial


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Omani Rial

The currency of Oman. It was introduced in 1973, replacing the rial Saidi, which had replaced the Gulf rupee. It is pegged to the U.S. dollar.
References in periodicals archive ?
Offering the Omani Rial as an additional currency eligible for settlement proves Clearstream s commitment to help its customers benefit from the growth of financial activity in the region.
Muscat: Ahead of the approaching Eid Al Fitr, the Central Bank of Oman (CBO) yesterday announced the launch and distribution of new notes of one Omani rial denomination, ONA reported.
Those found selling e-cigarettes or e-shisha can be slapped with a 500 Omani rial (Dh4,770) fine.
The cash equivalents, which consists of the total savings deposits and time deposits in Omani Rial, as well as certificates of deposit issued by commercial banks, in addition to the accounts of guarantee margin and all deposits in foreign currency, increased by 13.
Responding to rumours in the market, Hamoud bin Sangour Al Zadjali, executive president of the Central Bank of Oman, stated that other Gulf states also refuted baseless rumours of devaluation of Omani rial against other Gulf currencies.
This sum will be divided into seven hundred million shares, each to the value of one Omani Rial and the Articles of Association will be amended accordingly.
The CBO sent a circular to all foreign exchange companies operating in the Sultanate indicating that it has come to its notice that some foreign exchange companies provide remarkably varying exchange rate for the Omani rial against the UAE Dirham compared to the previous rates.
Anyone found selling the cigarettes will be slapped with a 500 Omani rial fine.
Forwards came down slightly to 1,400 points by Tuesday afternoon, but currency dealers said the market's move this week showed some bankers were identifying the Omani rial as the most vulnerable currency in the six-nation Gulf Cooperation Council, the Reuters report added.
The Omani rial is quite strong presently, making it cheaper for companies to buy products from the global market.
Muscat : Central Bank of Oman's (CBO) assets have crossed Omani rial 6.
Muscat : In an indication of the increasing purchasing power of the Omani Rial (OMR), the currency's real exchange rate index recorded a 5.