OMR information
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.
CQT to OMR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ر.ع.0.08773 | 0.0003% / 0.0004%VIP | |
OKX | ر.ع.0.08762 | 0.080% / 0.100% | Yes |
Gate.io | ر.ع.0.08745 | 0.1000% / 0.1000% | Yes |
KuCoin | ر.ع.0.08758 | 0.1000% / 0.1000% | Yes |
How to buy Covalent
Buy CQT (or USDT) for OMR (Omani Rial) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
A Abo laian 71 trades|Completion rate 97.00% | 0.41 OMR | Amount47.86 USDT Limit3.9 - 57.621 OMR | ||
F Fast traders . 66 trades|Completion rate 92.00% | 0.497 OMR | Amount1234.67 USDT Limit3.9 - 200 OMR | ||
A Azeem khan5683 111 trades|Completion rate 93.00% | 0.499 OMR | Amount1529.86 USDT Limit3.9 - 750 OMR | ||
n no allow 3rd party 100 trades|Completion rate 93.00% | 0.499 OMR | Amount18226 USDT Limit3.9 - 6500 OMR | ||
N Noman_5240 73 trades|Completion rate 94.00% | 0.499 OMR | Amount13117.83 USDT Limit3.9 - 5000 OMR |
Sell CQT (or USDT) for OMR (Omani Rial) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
B BGUSER-M7NYZE2Y 9 trades|Completion rate 56.00% | 0.49 OMR | Amount10000 USDT Limit3.9 - 4900 OMR | ||
K Khizar Jamal Jamali 54 trades|Completion rate 93.00% | 0.388 OMR | Amount15000 USDT Limit20 - 2500 OMR | ||
D DS trading 8 trades|Completion rate 89.00% | 0.388 OMR | Amount1703.3 USDT Limit100 - 250 OMR | ||
A Ahmed_2024 11 trades|Completion rate 100.00% | 0.387 OMR | Amount20319.27 USDT Limit20 - 1500 OMR | ||
A Abo laian 71 trades|Completion rate 97.00% | 0.387 OMR | Amount1054.06 USDT Limit3.9 - 774 OMR |
What factors influence the conversion rate of Covalent to Omani Rial?
Covalent to Omani Rial is falling this week.Conversion tables
The exchange rate of Covalent is increasing.CQT to OMR
OMR to CQT
Today vs. 24 hours ago
Amount | 08:22 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 CQT | $0.1140 | $0.1159 | -1.65% |
1 CQT | $0.2280 | $0.2318 | -1.65% |
5 CQT | $1.14 | $1.16 | -1.65% |
10 CQT | $2.28 | $2.32 | -1.65% |
50 CQT | $11.4 | $11.59 | -1.65% |
100 CQT | $22.8 | $23.18 | -1.65% |
500 CQT | $114 | $115.92 | -1.65% |
1000 CQT | $228 | $231.83 | -1.65% |
Today vs. 1 month ago
Amount | 08:22 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 CQT | $0.1140 | $0.08519 | +33.77% |
1 CQT | $0.2280 | $0.1704 | +33.77% |
5 CQT | $1.14 | $0.8519 | +33.77% |
10 CQT | $2.28 | $1.7 | +33.77% |
50 CQT | $11.4 | $8.52 | +33.77% |
100 CQT | $22.8 | $17.04 | +33.77% |
500 CQT | $114 | $85.19 | +33.77% |
1000 CQT | $228 | $170.38 | +33.77% |
Today vs. 1 year ago
Amount | 08:22 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 CQT | $0.1140 | $0.05320 | +114.01% |
1 CQT | $0.2280 | $0.1064 | +114.01% |
5 CQT | $1.14 | $0.5320 | +114.01% |
10 CQT | $2.28 | $1.06 | +114.01% |
50 CQT | $11.4 | $5.32 | +114.01% |
100 CQT | $22.8 | $10.64 | +114.01% |
500 CQT | $114 | $53.2 | +114.01% |
1000 CQT | $228 | $106.41 | +114.01% |
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