Convert 1 Omani Rial (OMR) to British Pound Sterling (GBP)
Exchange rates used for currency conversion updated on July 10th 2020 ( 07/10/2020 )
Below you will find the latest exchange rates for exchanging Omani Rial (OMR) to British Pound Sterling (GBP) , a table containing most common conversions and a chart with the pair's evolution.
The Omani Rial (OMR) to British Pound Sterling (GBP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The official currency for Oman is the Omani Rial. The rial is issued in denominations of OMR 1, 5, 10, 20 and 50 as well as 100, 200 and 500 baisa. Foreign currencies can be exchanged at most banks which are open only from 8:00 am until 12:00 pm Saturday through Wednesday and 8:00 am until 11:30 am on Thursdays. Moneychangers are often open during the even hours and offer a lower rate for currency exchange than most banks.
About British Pound Sterling (GBP)
Monetary policies affecting the pound sterling (GBP) are dispersed amongst 8 separate central banks throughout the territories, dependencies, and countries of the United Kingdom. The Bank of England is the primary central bank and is responsible for monetary policy and currency issuance in England, Wales, Scotland, and Northern Ireland. This floating currency is the third most widely held reserve currency in the world. The future of the GBP is dependent upon the political decision of whether or not to allow the GBP to be absorbed by the euro, effectively placing all of the United Kingdom into the eurozone.