Convert Omani Rial to Nigerian Naira
Convert Omani Rial (OMR) to Nigerian Naira (NGN) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
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 Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
Quick Reference Table
| Omani Rial (OMR) | Nigerian Naira (NGN) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).