What is the currency of Oman 

Picture this: you're wandering through the bustling souks of Muscat, the scent of frankincense heavy in the air, eager to buy a handcrafted silver trinket. But before you reach for your wallet, you might find yourself wondering what exactly is the currency in Oman? Whether you're planning a luxurious getaway to this Arabian gem or just brushing up on your travel knowledge, understanding Oman's money is essential. 

In this guide, we’ll explore everything you need to know about the currency in Oman, from its fascinating history to the different denominations you'll encounter. We’ll also answer some of the most commonly asked questions about the Omani rial, ensuring you’re well-prepared for your trip. So, before you set off on your Arabian adventure, let’s dive into the ins and outs of Oman's currency and discover why it’s one of the most valuable in the world! 

Currency in Oman 

The official currency in Oman is the Omani rial, a strong and stable monetary unit that plays a crucial role in the country’s economy. It’s Recognised by the currency code OMR in both local and international financial transactions.  

Unlike many other currencies that are divided into 100 smaller units, the Omani rial is unique in that it is subdivided into 1,000 baisas, a distinction that sets it apart from most global currencies. 

Widely accepted across Oman, the Omani rial is pegged to the US dollar, which contributes to its high value and stability. The exchange rate has remained relatively steady over the years, reinforcing Oman’s economic strength. Whether you’re exploring the dramatic landscapes of the Wahiba Sands, dining at a luxurious resort in Salalah, or shopping in the capital’s souks, you’ll encounter a mix of banknotes and coins in circulation. 

Omani Rial Denominations 

When handling money in Oman, it's essential to be familiar with the different Oman currency denominations, especially since both rials and baisas are in active use. Here's a breakdown of the banknotes and coins currently in circulation: 

Banknotes: 

• 100 baisa 

• 0.5 rial 

• 1 rial 

• 5 rials 

• 10 rials 

• 20 rials 

• 50 rials 

Coins: 

• 5 baisa 

• 10 baisa 

• 25 baisa 

• 50 baisa 

• 100 baisa 
• 0.25 rial 

While banknotes are the most commonly used form of payment for larger transactions, coins are often used for small purchases, such as street food, parking fees, and market transactions.  

It’s worth noting that 100 baisa is equivalent to 0.1 Omani rial, making it useful for minor expenses. 

For travellers, carrying a mix of both Oman currency denominations can be helpful when navigating local markets, taxis, and smaller businesses that might not accept card payments.  

The History of Oman's Currency 

Oman's currency history reflects its rich tapestry of trade and cultural exchanges. Before 1940, the region primarily used two currencies: the Indian rupee along the coastal areas and the Maria Theresa thaler, locally known as the rial, in the interior regions. 

Indian Rupee and Maria Theresa Thaler 

The Indian rupee and the Maria Theresa thaler coexisted in Oman's economy until 1940. In that year, the first coins specifically for Dhofar were introduced, followed by coins for the rest of Oman in 1946. These coins were denominated in baisa, with 200 baisa equaling 1 rial. Despite these introductions, the Indian rupee and, later, the Gulf rupee continued to circulate until the early 1970s.  

Gulf Rupee and Saidi Rial 

In 1959, the Gulf rupee was introduced, circulating alongside the Indian rupee. Oman continued to use this currency until 1970, when it was replaced by the Saidi rial, named after the ruling Al Said dynasty (distinct from the Saudi riyal). This transition marked a significant step in unifying Oman's monetary system. 

Introduction of the Omani Rial 

On 11 November 1972, the Omani rial was introduced, replacing the Saidi rial at par. This new currency shifted its peg from the British pound to the U.S. dollar, reflecting Oman's growing economic ties with the United States. This peg has contributed to the Omani rial's stability and its status as one of the world's strongest currencies. 

Today, the Omani rial continues to serve as a stable and robust currency, reflecting the nation's economic resilience and strategic global partnerships. 

FAQs about the Omani Rial 

Can you buy Omani rials in the UK? 

Yes, you can purchase Omani rials in the UK through various currency exchange services. Providers like Travelex UK offer options to buy Omani rials online or in-store. These services often provide home delivery or collection from selected locations, ensuring you have Omani currency before your departure. 

Do I need cash in Oman? 

While major hotels, restaurants, and retail outlets in Oman accept credit and debit cards, it's advisable to carry cash for smaller establishments, local markets, and areas where card payments may not be accepted. ATMs are widely available for cash withdrawals, but having cash on hand ensures smooth transactions, especially in remote regions.  

Is the Omani Rial a strong currency? 

Yes, the Omani rial is considered one of the world's strongest currencies. Its high value is maintained through a fixed peg to the U.S. dollar, contributing to its stability and strength in the global market.  

Should I tip in Oman? 

Tipping in Oman is appreciated but not obligatory. In restaurants, a service charge may be included in the bill. If it’s not, leaving a tip of around 10% is customary. For hotel staff, porters, and taxi drivers, small gratuities are welcomed as a gesture of appreciation for good service.  

Ready to Buy Some Omani Rial? 

Now that you're excited for your trip to Oman, it’s time to get prepared and buy some Omani rial before you go. Whether you’re planning to explore the stunning landscapes of the Wahiba Sands, marvel at the architectural wonders of Muscat, or indulge in the vibrant souks, having the right currency will make your journey smoother. 

Buy Omani rial online today and enjoy free home delivery on orders over £500, or choose to click & collect from any of the convenient locations across the UK, including most major airports. 

Get great rates and pay no commission when you buy online now. Secure your Omani rial hassle-free and start your Omani adventure with confidence. 

A Trip to Remember 

Oman isn’t just a country, it’s an experience. Whether you’re floating in the crystal-clear waters of Wadi Shab, watching turtles hatch on Ras Al Jinz beach, or sipping tea with locals in a centuries-old fort, every moment in Oman feels like stepping into a storybook. 

As you plan your trip, don’t overlook the importance of having the right currency. Getting your Omani rial before you travel ensures that you’re prepared for every part of your journey, from shopping in the souks to tipping your guides and paying for those once-in-a-lifetime experiences. 

So, what are you waiting for? Buy your Omani rials today and get ready for an unforgettable trip to one of the most captivating destinations in the world!