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What is the Omani Rial?
Let me explain directly: the Omani Rial is the currency of Oman. You should know it's broken into smaller units called baisa, and you'll find it in both coin and banknote forms. It's managed by the Central Bank of Oman.
Understanding the Omani Rial (OMR)
I want you to understand that the Omani Rial was created in the early 1970s as a replacement for the Indian rupee and the Maria Teresa Thaler. This was part of a broader modernization effort that followed a rebellion in the country. The currency remains pegged to the US dollar, although the exchange rate was adjusted in 1986.
