OMR information
About Omani Rial (OMR)
The Omani Rial (OMR), introduced in 1973, is not only Oman's official currency but also a symbol of the nation's economic strength and cultural heritage. It is commonly abbreviated as OMR and represented by the symbol ر.ع. The Rial's introduction marked Oman's transition from the Indian Rupee and the Maria Theresa Thaler, symbolizing a new era of economic self-determination and modernization under Sultan Qaboos bin Said.
Historical Background
The adoption of the Omani Rial was a key step in Oman's post-colonial journey, reflecting the nation's aspiration to forge an independent economic identity. Replacing the Gulf Rupee, the Rial represented Oman's newfound economic independence and was instrumental in aligning its economy with international standards.
Design and Symbolism
The design of the Omani Rial is a celebration of Oman’s rich history and cultural heritage. Banknotes feature images of Sultan Qaboos, traditional Omani architecture, natural landmarks, and historical sites. These designs serve not only as a medium for financial transactions but also as reminders of Oman's heritage and the modern achievements under Sultan Qaboos’s reign.
Economic Role
The Omani Rial plays a crucial role in the nation’s economy, characterized by its substantial oil and gas reserves. As the primary currency, it underpins the oil sector, which is pivotal to Oman's economy, facilitating trade and investment and is vital for the country’s fiscal stability.
Monetary Policy and Stability
Managed by the Central Bank of Oman, the Rial is one of the highest-valued currencies in the world, reflecting Oman's economic stability and substantial hydrocarbon resources. The bank’s policies focus on maintaining the currency's value and stability, crucial for fostering a climate conducive to economic growth and investor confidence.
International Trade and the Omani Rial
The value of the Rial is significant in international trade, particularly for Oman's oil and gas exports. A stable and strong Rial is essential for maintaining competitive prices in the global market and attracting foreign investment in various sectors.
Remittances and the Economy
Remittances from Omanis working abroad and expatriates residing in Oman contribute to the country’s foreign exchange reserves. These inflows, exchanged into Rials, support the currency's stability and contribute to the national economy.
OFF to OMR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ر.ع.0.01489 | 0.0200% / 0.0320%VIP 7 | |
Gate.io | ر.ع.0.01490 | 0.1000% / 0.1000% | Yes |
How to buy BlastOff
Buy OFF (or USDT) for OMR (Omani Rial) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell OFF (or USDT) for OMR (Omani Rial) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of BlastOff to Omani Rial?
BlastOff to Omani Rial is falling this week.Conversion tables
The exchange rate of BlastOff is decreasing.OFF to OMR
OMR to OFF
Today vs. 24 hours ago
Amount | 01:37 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OFF | $0.01933 | $0.01952 | -0.95% |
1 OFF | $0.03867 | $0.03904 | -0.95% |
5 OFF | $0.1933 | $0.1952 | -0.95% |
10 OFF | $0.3867 | $0.3904 | -0.95% |
50 OFF | $1.93 | $1.95 | -0.95% |
100 OFF | $3.87 | $3.9 | -0.95% |
500 OFF | $19.33 | $19.52 | -0.95% |
1000 OFF | $38.67 | $39.04 | -0.95% |
Today vs. 1 month ago
Amount | 01:37 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OFF | $0.01933 | $0.02237 | -13.58% |
1 OFF | $0.03867 | $0.04474 | -13.58% |
5 OFF | $0.1933 | $0.2237 | -13.58% |
10 OFF | $0.3867 | $0.4474 | -13.58% |
50 OFF | $1.93 | $2.24 | -13.58% |
100 OFF | $3.87 | $4.47 | -13.58% |
500 OFF | $19.33 | $22.37 | -13.58% |
1000 OFF | $38.67 | $44.74 | -13.58% |
Today vs. 1 year ago
Amount | 01:37 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OFF | $0.01933 | $0.7159 | -97.30% |
1 OFF | $0.03867 | $1.43 | -97.30% |
5 OFF | $0.1933 | $7.16 | -97.30% |
10 OFF | $0.3867 | $14.32 | -97.30% |
50 OFF | $1.93 | $71.59 | -97.30% |
100 OFF | $3.87 | $143.17 | -97.30% |
500 OFF | $19.33 | $715.87 | -97.30% |
1000 OFF | $38.67 | $1,431.75 | -97.30% |
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