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.
SBG to OMR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ر.ع.0 | 0.0200% / 0.0320%VIP 7 |
How to buy SB Group
Buy SBG (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 39 trades|Completion rate 81.00% | 0.42 OMR | Amount452.85 USDT Limit3.9 - 215 OMR | ||
B Bismillah. exchange 47 trades|Completion rate 100.00% | 0.489 OMR | Amount1305.82 USDT Limit3.9 - 250 OMR | ||
C CRYPTO_ME 73 trades|Completion rate 99.00% | 0.489 OMR | Amount566.38 USDT Limit4 - 276 OMR | ||
C CRYPTO_ME 73 trades|Completion rate 99.00% | 0.494 OMR | Amount512.61 USDT Limit4 - 529 OMR | ||
N Noman_5240 88 trades|Completion rate 99.00% | 0.495 OMR | Amount9903.03 USDT Limit3.9 - 5000 OMR |
Sell SBG (or USDT) for OMR (Omani Rial) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
A Ahmed_2024 49 trades|Completion rate 100.00% | 0.389 OMR | Amount23243.7 USDT Limit20 - 2000 OMR | ||
K Khizar Jamal Jamali 6 trades|Completion rate 86.00% | 0.389 OMR | Amount12713.98 USDT Limit50 - 2500 OMR | ||
A Abo laian 39 trades|Completion rate 81.00% | 0.388 OMR | Amount1191.48 USDT Limit3.9 - 469 OMR | ||
C CRYPTO_ME 73 trades|Completion rate 99.00% | 0.387 OMR | Amount3364.26 USDT Limit20 - 1800 OMR | ||
C CRYPTO_ME 73 trades|Completion rate 99.00% | 0.386 OMR | Amount5000 USDT Limit20 - 1800 OMR |
What factors influence the conversion rate of SB Group to Omani Rial?
SB Group to Omani Rial is falling this week.Conversion tables
The exchange rate of SB Group is decreasing.SBG to OMR
OMR to SBG
Today vs. 24 hours ago
Amount | 14:20 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 SBG | $0.00 | $-0.{7}2801 | +9.18% |
1 SBG | $0.00 | $-0.{7}5602 | +9.18% |
5 SBG | $0.00 | $-0.{6}2801 | +9.18% |
10 SBG | $0.00 | $-0.{6}5602 | +9.18% |
50 SBG | $0.00 | $-0.{5}2801 | +9.18% |
100 SBG | $0.00 | $-0.{5}5602 | +9.18% |
500 SBG | $0.00 | $-0.{4}2801 | +9.18% |
1000 SBG | $0.00 | $-0.{4}5602 | +9.18% |
Today vs. 1 month ago
Amount | 14:20 today | 1 month ago | 1M change |
---|---|---|---|
0.5 SBG | $0.00 | $0.{5}1317 | -79.80% |
1 SBG | $0.00 | $0.{5}2633 | -79.80% |
5 SBG | $0.00 | $0.{4}1317 | -79.80% |
10 SBG | $0.00 | $0.{4}2633 | -79.80% |
50 SBG | $0.00 | $0.0001317 | -79.80% |
100 SBG | $0.00 | $0.0002633 | -79.80% |
500 SBG | $0.00 | $0.001317 | -79.80% |
1000 SBG | $0.00 | $0.002633 | -79.80% |
Today vs. 1 year ago
Amount | 14:20 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 SBG | $0.00 | $-0.{6}3332 | 0.00% |
1 SBG | $0.00 | $-0.{6}6664 | 0.00% |
5 SBG | $0.00 | $-0.{5}3332 | 0.00% |
10 SBG | $0.00 | $-0.{5}6664 | 0.00% |
50 SBG | $0.00 | $-0.{4}3332 | 0.00% |
100 SBG | $0.00 | $-0.{4}6664 | 0.00% |
500 SBG | $0.00 | $-0.0003332 | 0.00% |
1000 SBG | $0.00 | $-0.0006664 | 0.00% |
SB Group price prediction
What will the price of SBG be in 2025?
What will the price of SBG be in 2030?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular SB Group conversions
Popular cryptocurrencies to OMR
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy SB Group for 1 OMR
A welcome pack worth 1000 USDT for new Bitgetters!