Sending Money From India to Oman Easily send money from India to Oman with the help of ExTravelMoney. Without even walking up to a vendor find the exchange rates that they offer and choose the right one near you. The country is governed by an absolute monarchy under the reign of Qaboos bin Said al Said as king. The graph currently shows historical exchange rates for Indian Rupees per 1 Omani Rial. The country has an economy backed up and maintained by the petroleum industry. Agriculture accounts for less than 1 percent of Oman.
. More information about conversion of 1 units of Oman money to India currency is below the page. In 1940, coins were introduced for use in , followed, in 1946, by coins for use in. The nation is one among the richest and strictest in the world. Indian nationals constitute the majority of the workforce in Arab nations. View 90 days of exchange rate history for the Indian Rupee against the Omani Rial. Large amounts of Rupees are expressed in lakh rupees or crore rupees.
Both coinages were denominated in baisa equivalent to the paisa , with 200 baisa to the rial. Oman is an Arab nation in the Middle East. The issuance of the currency is controlled by the Reserve Bank of India. The 20-rial note is blue instead of green while the other notes are the same colour as previously. The exchange rate for the Indian Rupee was last updated on January 16, 2019 from The International Monetary Fund. In 1970, a coinage for all of Muscat and Oman was introduced. This page shows a rate of Indian Rupee for 1 Omani Rial and compare local money of Oman and India.
Omani Qaboos coins Image Value Diameter Mass Composition Edge Obverse Reverse Year of Obverse Reverse first minting withdrawal 5 baisa 19 mm 2. The currency name was altered due to the in 1970 and the subsequent change of the country's name. The parallel lines at the top with white space between them are said to make an allusion to the tricolour Indian flag, and also depict an equality sign that symbolises the nation's desire to reduce economic disparity. The rial Omani replaced the rial Saidi at par in 1973. The key agricultural produces are dates, limes, grains and vegetables. The service sector and skilled labour force are mainly occupied by foreign nationals, especially from India. View historical exchange rates for the Indian Rupee against the Omani Rial in a tabular format.
View current exchange rates for the Omani Rial. The banks will take up to 3 days to complete the transaction depending upon the difference in time zones for the recipient to get the payments. Our customer care will contact you shortly for confirming the order. Complete the order with the assistance of our customer care executives and make the payment online. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Invert the graph to see Omani Rials per 1 Indian Rupee.
Currency exchange rates updates every day and use average rates based on Trusted International exchange rate. View 30 days of exchange rate history for the Indian Rupee against the Omani Rial. From our website, you can choose from the various vendors along with their exchange rate for Omani Rials and place your order with us. View 180 days of exchange rate history for the Indian Rupee against the Omani Rial. Online converter will show how much is 1 Omani Rial to Indian Rupee, and similar conversions. Omani Rial will become less valuable whenever demand is less than available supply this does not mean people no longer want money, it just means they prefer holding their wealth in some other form, possibly another currency.
It was equal to the and replaced the Gulf rupee at a rate of approximately 21 rupees to the rial. Check the live rates of Omani Rial against the Indian Rupee here. This has created the forex trading of Omani Rial in India. Today value of one is 184. In 1940, coins were issued for use in in denominations of 10, 20 and 50 baisa. The currency is subdivided into 1000 Baisa. The Omani rial is the world's 3rd highest valued currency.
Denominations were 2, 5, 10, 25, 50 and 100 baisa. It is the third-highest-valued currency unit after the and the. The Central Bank buys U. The Indian Rupee is divided into 100 paise. The new rial was subdivided into 1000 baisa. Omani Rial Indian Rupee 1 184.