Country ISO code: OM

Official language: Arabic

Language ISO code: ar

Current official currency: Omani Rial

Current currency ISO code: OMR

Complete Financial History of Oman (سلطنة عُمان)

Current official currency: Omani Rial (ر.ع.)

• ISO code: OMR

• Symbols: ر.ع., OMR

• Singular name: Rial

• Plural name: Rials

• Monetary subdivision: 1 Rial = 100 Baisa

• Fraction singular name: Baisa

• Fraction plural name: Baisat

• Initial production date: 1973

• Final production date: Still in circulation

• Initial circulation date: 1973

• Final circulation date: Still in circulation

• Mint: Omani Mint and contracted international mints

• Issuing bank: Central Bank of Oman

Coin denominations

• 5 Baisa

• 10 Baisa

• 25 Baisa

• 50 Baisa

• 100 Baisa (1 Rial)

Banknote denominations

• 100 Rials

• 200 Rials

• 500 Rials

• 1000 Rials

Economic and historical context

• Oman is located in the southeast of the Arabian Peninsula, with an economy heavily reliant on oil and natural gas, alongside industrial, fishing, agricultural, commercial, and tourism sectors.

• The political system is an absolute monarchy, currently ruled by Sultan Haitham bin Tariq Al Said since 2020.

• The Omani Rial enjoys relative stability, maintained by a fixed exchange rate system pegged to the US dollar, fostering confidence in the local currency.

Minting and production locations

• Coins are minted at the Omani Mint and by contracted international mints.

Designs and symbols on coins and banknotes

• Coins feature national symbols such as the Omani coat of arms and traditional motifs.

• Banknotes display images of historical landmarks, cultural symbols, and elements of the national economy.

Production volumes, honorees, and seals

• Specific production volumes are not widely published.

• Commemorative coins and banknotes have been issued on special occasions.

Commemorative coins and curiosities

• Oman issues commemorative coins celebrating important national and cultural events.

Current circulation status

• The Omani Rial is the sole legal tender and actively circulating currency in Oman.

Issuing authority

• Central Bank of Oman

Relevant monetary legislation

• Regulated by the laws of the Central Bank of Oman and national financial legislation.

Names and titles of banknote signatories

• Banknotes bear the signature of the Governor of the Central Bank of Oman.

List of persons honored on coins and banknotes

• Coins and banknotes highlight national and cultural symbols without focusing on specific individuals.

Official language recognized by the state for administrative, legislative, judicial, monetary, and educational use:
Arabic is the official language of Oman, used in all official sectors including administration, legislation, judiciary, finance, and education.