Riyal-omani (Noun)
Meaning
The basic unit of money in Oman.
Classification
Nouns denoting quantities and units of measure.
Examples
- The currency used in Oman is the Omani riyal, often abbreviated as OMR or referred to as the riyal-omani.
- The Omani government regulates the exchange rate for the riyal-omani to maintain economic stability.
- According to the current exchange rate, the US dollar is equivalent to roughly 0.38 riyal-omani.
- As the riyal-omani is fixed to the US dollar, the country benefits from low inflation rates.
- Tourists visiting Oman often exchange their currency for the riyal-omani at a local bank or currency exchange office.