Convert Omani Rial to Mozambican Metical
Convert Omani Rial (OMR) to Mozambican Metical (MZN) using daily updated exchange rates.
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Exchange Rate
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About Omani Rial
The Omani Rial (OMR) is the official currency of the Sultanate of Oman and one of the highest-valued currencies in the world by exchange rate. Introduced in 1973 to replace the Saidi rial, it has been pegged to the US Dollar at 0.3845 OMR per USD since 1986. This peg has remained stable even during periods of lower oil prices, supported by government reserves. The Central Bank of Oman manages the peg. Oman is a major oil and natural gas producer on the Arabian Peninsula, though it is also investing in diversification through tourism, logistics, and manufacturing.
About Mozambican Metical
The Mozambican Metical (MZN) was reintroduced in 2006 at a rate of 1,000 old meticals to 1 new metical following years of inflation after Mozambique's devastating civil war that ended in 1992. The Banco de Mocambique manages monetary policy. Mozambique is a rapidly developing East African country with significant natural resources - offshore natural gas fields discovered in the Rovuma Basin are among the world's largest, positioning Mozambique for major LNG exports. The country also exports prawns, coal, aluminium, and cashew nuts. The metical is divided into 100 centavos.
Quick Reference Table
| Omani Rial (OMR) | Mozambican Metical (MZN) |
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).