Currency of Oman عملة عمان
Omani rial: ريال عماني The Omani rial ( Arabic : ريال , ISO 4217 code OMR ) is the currency of Oman . It is divided into 1000 baisa (also written baiza , بيسة ). Fixed exchange rate: From 1973 to 1986, the rial was pegged to the U.S. dollar at 1 Omani rial = US$2.895. The rate was changed in 1986 to 1 Omani rial = US$2.6008, [2] which translates to approximately US$1 = 0.384497 rial. The Central Bank of Oman buys U.S. dollars at 0.384 Omani rial, and sells U.S. dollars at 0.386 Omani rial. [3] It is the third-highest-valued currency unit in the world after the Kuwaiti dinar and the Bahraini dinar . History: Until 1940, the Indian rupee and the Maria Theresa thaler (known locally as the rial due to its similar size to the Spanish eight-real coin ) were the main currencies circulating in Muscat and Oman...