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On 6 June 1966, India devalued the Gulf rupee against the Indian rupee. Following the devaluation, several of the states still using the Gulf rupee adopted their own currencies. Oman continued to use the Gulf rupee until 1970, with the government backing the currency at its old peg to the pound, when it adopted the Saidi rial.
The Gulf rupee (Arabic: روبية خليجية) was the official currency used in the British protectorates of the Arabian Peninsula that are around the Persian Gulf between 1959 and 1966 (1970 Oman). These areas today form the countries of Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates. It was issued by the Government of India and ...
Omani rial [64] OMR Oman: ر.ع [65] Baisa [64] Pakistani Rupee [66] PKR Pakistan: Rs [66] [67] Paisa [66] Israeli new shekel [34] ILS Palestine ₪ [34] [35] Agora [34] [35] Philippine peso [68] PHP Philippines ₱ [68] [69] Sentimo [68] [69] Qatari riyal [70] QAR Qatar: ر.ق [71] Dirham [70] Russian Ruble [2] RUB Russia: руб. [1] [2 ...
Comorian franc – Comoros. Congolese franc – Democratic Republic of the Congo (replaced in 1967, re-established in 1998) Djiboutian franc – Djibouti. French franc – France. French Camerounian franc – French Cameroun. French Equatorial African franc – French Equatorial Africa. French Guianan franc – French Guiana.
On 7 May 1970, the Sultanate of Oman replaced the Gulf rupee with the Omani rial unit that was created at par with the pound sterling, so ending the existence of the Gulf rupee. Two years later, after the pound sterling was allowed to float on 23 June 1972, the Omani rial began to diverge from its sterling parity.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
Oman, [b] officially the Sultanate of Oman, [c] is a country on the southeastern coast of the Arabian Peninsula in West Asia. It overlooks the mouth of the Persian Gulf. It shares land borders with Saudi Arabia, the United Arab Emirates, and Yemen. The capital and largest city is Muscat. Oman has a population of about 5.28 million as of 2024 ...
The Sultanate of Muscat and Oman (Arabic: سلطنة مسقط وعمان, romanized: Salṭanat Masqaṭ wa-‘Umān), also known briefly as the State of Muscat and Oman (Arabic: دولة مسقط وعمان, romanized: Dawlat Masqaṭ wa-‘Umān) during the rule of Taimur bin Feisal, was a sovereign state that encompassed the present-day Sultanate of Oman and parts of present-day United Arab ...