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The Omani Rial is the official currency of the Sultanate of Oman. The currency is represented by the symbol ﷼ and by the ISO code OMR. The currency is subdivided into 1000 Baisa. The banknotes and coins are issued and circulated by the Central Bank of Oman. The banknotes issued are 100, 200 baisa, 1/2, 1, 5, 10, 20, 50 Rial and coins issued are 5. 10, 25, 50 Baisa. The Omani Rial has an exchange value of 165-180 Indian Rupees. Check the live rates of Omani Rial against the Indian Rupee here.
Oman is an Arab nation in the Middle East. The country is governed by an absolute monarchy under the reign of Qaboos bin Said al Said as king. The Omani laws are based on the Islamic Sharia Law, which is the route of all governance in Arab nations. The nation is one among the richest and strictest in the world. Strict media monitoring and censoring are carried out by the Omani officials on its citizens. The country has an economy backed up and maintained by the petroleum industry. The oil and gas industry accounts for almost 90 percent of the national GDP. Agriculture accounts for less than 1 percent of Oman. The key agricultural produces are dates, limes, grains and vegetables. The service sector and skilled labour force are mainly occupied by foreign nationals, especially from India. The absence of a large number of skilled labourers in Oman favoured the inflow of foreign workers to Oman.
Indian nationals constitute the majority of the workforce in Arab nations. This has created the forex trading of Omani Rial in India. A large number of transactions in Omani Rial in India made the Omani Rial be accepted and exchanged in banks and exchange houses in India. The Omani Rial being backed up by the oil and gas industry has an exchange value of 2-3 United States Dollars.
| Currency | Omani Rial |
|---|---|
| ISO Code | OMR |
| Symbol | ﷼ |
| Nick Name | None |
| Sub Units | Baisa( 1 Rial= 1000 Baisa) |
| Denominations | |
| Notes | 100, 200 baisa, 1/2, 1, 5, 10, 20, 50 Rial |
| Coins | 5. 10, 25, 50 Baisa |
| Valid in | Oman |
Omani Rial has a significant demand in India due to a large number of Indian nationals working in Oman. ExTravelMoney.com can offer you services in easily converting Indian Rupee to Omani currency. Locate the vendors and their exchange rates in your region easily and place your order with us. Complete the order with the assistance of our customer care executives and make the payment online. You even the facility to avail home delivery of the forex and pick up of the KYC documents by the vendors on request.
You can convert Omani Rials to Indian Rupee easily with ExTravelMoney.com. From our website, you can choose from the various vendors along with their exchange rate for Omani Rials and place your order with us. Our customer care will contact you shortly for confirming the order. You can even request the vendor to provide doorstep services in picking up the forex and KYC documents.
Easily send money from India to Oman with the help of ExTravelMoney.com. Without even walking up to a vendor find the exchange rates that they offer and choose the right one near you. Place your order for the transaction on finding the right vendor with us and then wait for our support team to contact you. Confirm the order with us. The banks will take up to 3 days to complete the transaction depending upon the difference in time zones for the recipient to get the payments.
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