Omani rial is the third-strongest currency in the world for 2023

OMR
OMR

The Omani Rial has been ranked as the third-strongest currency in the world for 2023, according to Forbes

The report said that the Omani rial is equivalent to $2.50 dollars ( or $ 1 equals 0.38 Omani rial), Oman sits between the UAE and Yemen at the eastern trip of the Arabian Peninsula, As with its wealthy neighbors, the Sultanate of Oman is a major exporter of oil and gas.

It stated that the Omani riyal was introduced into circulation in the 1970s and is pegged to the dollar.

The Kuwaiti dinar is the strongest currency in the world, as the dinar is equivalent to 3.26 dollars ( OR $1 equals 0.31 Kuwaiti dinar), the Bahraini dinar came second, and the Jordanian dinar fourth, followed by the sterling pound, then the Cayman Islands dollar, and the Gibraltar pound, followed by the Swiss franc, followed by the euro, followed by the US dollar.

The forbes Advisor determined the strongest currencies, based on the amount of dollars needed to buy one unit of each currency

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