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Today’s OMR online Exchange Rate:

1 AUD =   0.2451   OMR

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Currency Information

Currency: Omani Rial
Currency code: OMR
Currency symbol: ر.ع.
Bank notes: 100 baisa, 200 baisa, ½ rials, 1 rial, 5 rials, 10 rials, 20 rials, 50 rials
Coins: 5 baisa, 10 baisa, 25 baisa, 50 baisa, 100 baisa

Daily Cost

Three-course meal for 2, mid-range restaurant 10 Rials
One-way ticket for local transport 0.3 Rials
Bottle of water 0.1 Rials

Oman is a middle-income economy that is heavily dependent on dwindling oil resources. Because of declining reserves, Muscat has actively pursued a development plan that focuses on diversification, industrialization, and privatization, with the objective of reducing the oil sector's contribution to GDP to 9% by 2020. Tourism and gas-based industries are key components of the government's diversification strategy. By using enhanced oil recovery techniques, Oman succeeded in increasing oil production, giving the country more time to diversify, and the increase in global oil prices throughout 2010 provides the government greater financial resources to invest in non-oil sectors.


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