Omani Rials still changeable in Saudi Arabia

Energy Sunday 19/February/2017 11:26 AM
By: Times News Service
Omani Rials still changeable in Saudi Arabia

Muscat: Omani Rials can be exchanged in Saudi Arabian money exchange houses, affirms the Saudi Arabian Monetary Authority (SAMA).

A video circulating on social media shows an Omani trying to exchange a OMR 50 bill. But the agent refused to exchange the money saying that they don’t accept the currency.

SAMA said that they did not issue directives to stop exchanging Omani Rials, according to Saudi publication Okaz. A rumor was spread among the exchange houses in Saudi Arabia, regarding a 0.5 percent customs tax on Omani Rial transfers.

“We talked to the Central Bank of Oman and they ensured that there isn’t any change in the exchange rate. There also isn’t any customs tax when transferring money to and from Oman,” said SAMA.