Currency profile
Omani Rial (OMR)
The Omani rial (OMR) is the official currency of Oman, divided into 1,000 baisa. It has been pegged to the US dollar since 1986 and is one of the highest-valued currency units in the world.
The Omani Rial today
Mid-market · as of 6:12 PM GST
Against the US dollar the rial is fixed at about 2.6008 dollars to the rial, so that figure barely moves; because the UAE dirham is also pegged to the dollar, the rial-dirham rate is almost fixed too. It is one of the highest-valued currency units in the world.
Exchange-rate regime
Fixed peg to the US dollar. The rial is fixed at 1 rial = 2.6008 US dollars (about 0.3845 rials per dollar), unchanged since the last change in parity in 1986. Against every floating currency the rial therefore moves with the US dollar.
The issuing central bank
The Central Bank of Oman, established in 1974, issues the rial and maintains the dollar peg.
History
- 1973The currency was renamed the Omani rial in 1973 (from the rial Saidi).
- 1974The Central Bank of Oman was established as the issuing authority.
- 1986The rial’s parity to the US dollar was last changed in 1986 to 2.6008 dollars per rial, the rate still in force.
Coins and banknotes
One rial is divided into 1000 baisa. Coins: 5, 10, 25 and 50 baisa. Banknotes: 100 and 200 baisa and ½, 1, 5, 10, 20 and 50 rials, issued by the Central Bank of Oman.
Popular Omani Rial pairs
What moves it
- Because it is pegged to the US dollar, the rial’s value against other currencies tracks the dollar.
- The Central Bank of Oman holds reserves to maintain the peg set in 1986.
- Oman hosts many expatriate workers, so large volumes of rials are exchanged for remittance currencies (World Bank).
Structural facts reviewed 8 August 2026 · reviewed quarterly. Sources: Central Bank of Oman · World Bank. Live rates are mid-market — see our Methodology and Editorial Policy.