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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.
MANC to IQD conversion rate trend
MANC to IQD market statistics
More info about Mancium on Bitget
Current MANC to IQD exchange rate
Mancium to Omani Rial is falling this week.MANC to IQD Conversion tables
The exchange rate of Mancium is decreasing.MANC to IQD
IQD to MANC
MANC to IQD Today vs. 24 hours ago
Amount | 01:42 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MANC | ع.د102.55 | ع.د99.01 | +3.48% |
1 MANC | ع.د205.1 | ع.د198.02 | +3.48% |
5 MANC | ع.د1,025.52 | ع.د990.11 | +3.48% |
10 MANC | ع.د2,051.03 | ع.د1,980.23 | +3.48% |
50 MANC | ع.د10,255.15 | ع.د9,901.15 | +3.48% |
100 MANC | ع.د20,510.31 | ع.د19,802.29 | +3.48% |
500 MANC | ع.د102,551.54 | ع.د99,011.47 | +3.48% |
1000 MANC | ع.د205,103.08 | ع.د198,022.93 | +3.48% |
MANC to IQD Today vs. 1 month ago
Amount | 01:42 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 MANC | ع.د102.55 | ع.د126.62 | -18.59% |
1 MANC | ع.د205.1 | ع.د253.23 | -18.59% |
5 MANC | ع.د1,025.52 | ع.د1,266.16 | -18.59% |
10 MANC | ع.د2,051.03 | ع.د2,532.31 | -18.59% |
50 MANC | ع.د10,255.15 | ع.د12,661.57 | -18.59% |
100 MANC | ع.د20,510.31 | ع.د25,323.14 | -18.59% |
500 MANC | ع.د102,551.54 | ع.د126,615.7 | -18.59% |
1000 MANC | ع.د205,103.08 | ع.د253,231.41 | -18.59% |
MANC to IQD Today vs. 1 year ago
Amount | 01:42 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MANC | ع.د102.55 | ع.د534.77 | -80.40% |
1 MANC | ع.د205.1 | ع.د1,069.54 | -80.40% |
5 MANC | ع.د1,025.52 | ع.د5,347.7 | -80.40% |
10 MANC | ع.د2,051.03 | ع.د10,695.39 | -80.40% |
50 MANC | ع.د10,255.15 | ع.د53,476.97 | -80.40% |
100 MANC | ع.د20,510.31 | ع.د106,953.95 | -80.40% |
500 MANC | ع.د102,551.54 | ع.د534,769.73 | -80.40% |
1000 MANC | ع.د205,103.08 | ع.د1,069,539.46 | -80.40% |
How to convert MANC to IQD



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