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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.
XY to MKD conversion rate trend
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More info about XY Finance on Bitget
Current XY to MKD exchange rate
XY Finance to Omani Rial is falling this week.XY to MKD Conversion tables
The exchange rate of XY Finance is decreasing.XY to MKD
MKD to XY
XY to MKD Today vs. 24 hours ago
Amount | 13:55 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 XY | ден0.2141 | ден0.2147 | -0.26% |
1 XY | ден0.4282 | ден0.4294 | -0.26% |
5 XY | ден2.14 | ден2.15 | -0.26% |
10 XY | ден4.28 | ден4.29 | -0.26% |
50 XY | ден21.41 | ден21.47 | -0.26% |
100 XY | ден42.82 | ден42.94 | -0.26% |
500 XY | ден214.11 | ден214.68 | -0.26% |
1000 XY | ден428.22 | ден429.35 | -0.26% |
XY to MKD Today vs. 1 month ago
Amount | 13:55 today | 1 month ago | 1M change |
---|---|---|---|
0.5 XY | ден0.2141 | ден0.5500 | -61.07% |
1 XY | ден0.4282 | ден1.1 | -61.07% |
5 XY | ден2.14 | ден5.5 | -61.07% |
10 XY | ден4.28 | ден11 | -61.07% |
50 XY | ден21.41 | ден55 | -61.07% |
100 XY | ден42.82 | ден110.01 | -61.07% |
500 XY | ден214.11 | ден550.03 | -61.07% |
1000 XY | ден428.22 | ден1,100.06 | -61.07% |
XY to MKD Today vs. 1 year ago
Amount | 13:55 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 XY | ден0.2141 | ден4.22 | -94.92% |
1 XY | ден0.4282 | ден8.43 | -94.92% |
5 XY | ден2.14 | ден42.16 | -94.92% |
10 XY | ден4.28 | ден84.33 | -94.92% |
50 XY | ден21.41 | ден421.63 | -94.92% |
100 XY | ден42.82 | ден843.27 | -94.92% |
500 XY | ден214.11 | ден4,216.34 | -94.92% |
1000 XY | ден428.22 | ден8,432.68 | -94.92% |
How to convert XY to MKD



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