Exchange Rate in Oman
Oman - Exchange RateWhile oil production dipped in January–September in annual terms, hindered by OPEC+ production cuts, the non-oil economy appears to be humming along well. Inflation averaged a mere quarter of a percent in January–September, which should have supported private spending, while bank lending rose at a healthy pace in January–August in annual terms, which should have buffered fixed investment. Looking at the public purse, the fiscal deficit narrowed by a quarter in January–August compared to the same period a year earlier, thanks to higher revenue. Nevertheless, the government remains reliant on volatile oil revenues and, in late October, S&P Global Ratings said it would cut its sovereign credit rating of Oman if the government fails to curtail rising debt linked to its sizable fiscal deficits.
Oman - Exchange Rate Data
|Exchange Rate (vs USD)||0.39||0.39||0.39||0.39||0.39|
5 years of economic forecasts for more than 30 economic indicators.
Oman Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||0.39||0.06 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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