omani monetary unit
Definition
- Noun:
- The basic unit of currency in the Sultanate of Oman: An Omani monetary unit is any denomination of the currency used within Oman's financial system. The primary unit is the Omani rial (OMR).
Examples of Usage
- Noun:
- The Omani monetary unit is pegged to the US dollar.
- Prices are listed in the local Omani monetary unit.
- Exchanging euros for an Omani monetary unit requires visiting a bank.
Advanced Usage
- "Unit of account": The Omani monetary unit serves as the standard unit for pricing goods and services within the country.
- All government contracts must be denominated in the official Omani monetary unit.
Variants and Related Words
- Omani rial (OMR): The principal Omani monetary unit, subdivided into 1000 baisa.
- Baisa: A subunit of the Omani rial; 1000 baisa equal one rial.
- Currency: A broader term for a system of money in general use in a particular country.
Synonyms
- Omani currency: The money system of Oman.
- Legal tender in Oman: The officially recognized currency for settling debts in Oman.
Related Phrases
- Monetary unit: A standard unit of value of a country's currency.
- The US dollar is the monetary unit of the United States.
Noun
-
monetary unit in Oman
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