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Economy, Currency and Banking

baiza, Central Bank of Oman, fixed rate

The basic unit of currency in Oman is the Omanirial (0.38 rial equals U.S.$1; fixed rate). It is divided into 1,000 baiza. The bank of issue is the Central Bank of Oman (founded in 1975). The rial is the only currency circulated, although in some rural areas transactions occur outside the cash economy.



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baiza, Central Bank of Oman, fixed rate

 
 

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