The currency of Oman is the Omani rial, abbreviated as OMR. It was introduced in 1970, replacing the Indian rupee as the principal currency in Oman. The rial is subdivided into 1,000 baisa. The Omani rial is known for its high value relative to other currencies, making it one of the strongest currencies in the world. The Central Bank of Oman oversees the issuance and regulation of the currency to maintain monetary stability. The rial’s designs often feature elements of Omani heritage, including portraits of sultans and cultural symbols.