All Oman banknotes issued before 2020 will cease to be legal tender and will be demonetized on December 31, 2024, according to the Central Bank of Oman (CBO). After this date, the notes will no longer be exchangeable.
The bank’s decision to phase out the old currency follows a period of exchanging old currency for Oman’s new family of currency, issued in 2020 and 2021.
Which banknotes will cease to be legal tender?
The banknotes affected include all denominations with issuance dates before 2020.
The Oman banknotes displayed above will be removed from circulation.
The banknotes to be removed from circulation include the following:
Year Issued Denomination(s)
1995 100 and 200 baisa
½ ,1 and 5 rials
2000 5, 10, 20 and 50 rials
2005 1 rial
2010 5 rials
2015 1 rial
2019 50 rials
Commemorative notes (1, 10, 20 and 50 rials)
Sources/References:
Central Bank of Oman
MRI Guide Bankers’ Guide to Foreign Currency
CentralBanking.com
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