Oman’s breathtaking deserts, historic forts, and stunning coastline make it a fascinating destination, where understanding how to handle money is key to a smooth trip. Whether you’re exploring Muscat’s bustling souks, venturing into the Wahiba Sands, or enjoying the crystal-clear waters of the Musandam Peninsula, this guide covers everything you need to know – what currency to bring, the best ways to get money and currency in Oman (Omani Rial (OMR)), cash safety tips, and essential dos and don’ts. With these insights, you’ll avoid unnecessary fees and experience Oman’s blend of tradition and modern luxury without financial concerns.
How to pay in Oman – cash or card?
In Oman, both cash and card payments are prevalent, with a significant shift towards digital transactions in recent years. Approximately 30% of consumer transactions are conducted in cash, indicating a substantial adoption of digital payments.
You can use cash for:
Public Transportation: Buses and taxis often require cash payments, though some modern taxi services may accept cards or digital payments.
Local Markets and Street Vendors: Purchases at traditional souks and street stalls are predominantly cash-based.
Small Businesses: Many small or family-run shops and eateries prefer cash transactions.
Tips and Gratuities: It’s customary to tip in cash for services such as dining, tour guides, and hotel staff.
Rural Areas: In less urbanized regions, electronic payment facilities may be limited, making cash essential.
You can use card for:
Hotels: Major hotels, especially in urban and tourist areas, accept credit and debit cards.
Restaurants and Cafés: Many dining establishments, particularly in cities, facilitate card payments.
Retail Stores: Shopping malls, branded stores, and supermarkets widely accept cards.
Car Rentals and Travel Agencies: Established agencies typically offer card payment options.
Online Bookings: Reservations for flights, hotels, and tours can usually be made using cards.
What’s the best currency to take to Oman
Omani Rial (OMR) is typically the best currency to take if you are traveling to Oman. Paying or withdrawing cash in the local currency comes with the least amount of fees, sometimes fee-free too.
While some businesses may accept US Dollars, this is not common practice, and the exchange rate may be poor. Therefore, it’s advisable to pay in OMR to avoid losing money.
Euros or Pounds are not widely accepted here.
Where to get currency in Oman
There are 3 main ways to get cash in Oman. They are:
ATMs, or
Currency exchange, or
Money transfer & local pick-up
Types of cards to swipe in Oman
Visa and Mastercards are commonly accepted for swiping. You might also find some places that accept Amex and other cards, albeit less frequently.
Types of cards at ATMs in Oman
If you’re withdrawing money in Oman from an ATM, ATMs commonly accept Visa, Mastercard, Maestro, Plus, Cirrus cards. Some of them accept American Express cards. Others like JCB, UnionPay, Diners, Discover and Rupay cards are generally not accepted.
Should I exchange currency before travelling to Oman
Bringing a small amount of Omani Rial (OMR) before traveling can be useful for immediate expenses like taxis, tips, and small purchases. However, exchange rates outside Oman are often poor, and many foreign banks do not stock OMR, making it difficult to obtain in advance.
Withdrawing OMR from ATMs in Oman is a convenient option, as ATMs are widely available in airports, cities, and shopping centers. Most ATMs accept Visa, Mastercard, Cirrus, Plus, and Maestro cards, but check with your bank for international withdrawal fees.
It’s best to exchange money in Oman at banks or authorized exchange bureaus, which offer better rates than airports or hotels. If exchanging at the airport, do so only for a small amount to cover initial expenses.
Carrying a mix of cash and cards is advisable. If bringing USD, EUR, or GBP, they can be exchanged easily at banks and exchange bureaus for competitive rates. USD is sometimes accepted in high-end hotels and tourist areas, but paying in OMR ensures the best value.
Where to withdraw money in Oman
You can withdraw money in Oman at leading bank ATMs in the country. The best ATMs for foreigners to use in Oman are those owned by popular banks such as:
Bank Muscat,
NBO,
Bank Dhofar,
Sohar International,
Oman Arab Bank,
Ahli Bank,
Alizz Islamic, and
QNB.
There are other banks with ATMs that also accept international debit and credit cards.
There are no known Global ATM Alliance member banks or All Points network banks in Oman.
Where to exchange currency in Oman
You can exchange currency in Oman at licensed exchange bureaus or banks.
Currency Exchange Offices: In Oman, currency exchange offices are commonly referred to as Money Exchange Companies. These are widely available in tourist areas, shopping centers, and airports. Notable providers include Global Money Exchange, Travelex and LuLu Exchange.
Banks: Major banks such as Bank Dhofar, Muscat Bank, and National Bank of Oman offer currency exchange services. These banks have branches throughout cities, providing reliable services. Operating hours are typically from 8:00 AM to 2:00 PM on weekdays.
You can find good currency exchanges using the ATM Fee Saver app – it will guide you to the nearest currency exchange on the map. The app helps you with forex places in 100+ countries, including Oman.
Avoid Airport Exchanges and no-fee exchange offices: Currency exchange services at airports often have less favorable rates and higher fees. It’s generally better to exchange money in the city for better rates and lower charges.
Is carrying cash in Oman safe?
Carrying cash in Oman is generally safe due to the country’s low crime rate. However, it’s advisable to carry only the necessary amount for daily expenses, as most hotels, restaurants, and shops accept major credit cards. Keep in mind that taxi drivers typically prefer cash payments. To ensure safety, avoid displaying large sums of money in public and use ATMs located in well-monitored areas, such as banks or shopping centers.
Is it better to use debit or credit cards or pay by cash in Oman
Use a card if it is fee-free i.e. your bank does not charge any fees to swipe the card, when the merchant / POS also does not impose any extra charge to use a card, you need to use the insurance of the card, don’t want to block cash of large purchases and card’s swipe fees are lower than withdrawal fees.
Pay by cash by withdrawing cash from ATM or exchanging currency where – fees on ATM withdrawals are lesser than fees on swiping cards, you don’t want to leave any digital footprint of your expenses, it is convenient and easier to conduct transactions.
