1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.0608 OMR (Omani Rial). It is the official currency of Oman. 1 OMR (Omani Rial) is sub-divided into1000 Baisas. The issue of the currency is controlled by the central bank, Central Bank of Oman. The Saudi Riyal was the official currency of Oman until 1970, after which Omani Rial replaced Saudi Riyal in 1973. The OMR (Omani Rial) is pegged to the United States Dollar at 1 USD = 0.3845 Rial.