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Oman, officially known as the Sultanate of Oman, is an Arab country on the southeastern coast of the Arabian Peninsula in Western Asia. Oman holds a strategically important position at the mouth of the Persian Gulf, and the country shares land borders with the United Arab Emirates, Saudi Arabia, and Yemen.Oman is an absolute monarchy. The Sultan Qaboos bin Said al Said has been the hereditary leader of the country since 1970. Sultan Qaboos is the longest-serving current ruler in the Middle East and third-longest current reigning monarch in the world.
The rial is the currency of Oman. It is divided into 1000 baisa and Omani Riyal is currently the world's 3rd highest valued currency. Before 1940, the Indian rupee and the Maria Theresa thaler were the main currencies circulating in Muscat and Oman ( as the state was then known). In 1970, the rial Saidi (not to be confused with Saudi riyal) was made the currency of Oman. It was equal to the British pound. The rial Omani replaced the rial Saidi at par in 1973. The currency name was altered due to the regime change in 1970 and the subsequent change of the country's name.
A significant portion of Oman’s economy involves tourism and trade of fish, dates, and certain agricultural produce. This sets it apart from its neighbours' largely oil-dependent economies. Oman is categorised as a high-income economy.
Oman’s National Day is celebrated on 18 November. This public holiday celebrates independence from Portugal control in 1650.
Oman is an incredibly safe country. Terrorist attacks are nonexistent in Oman; The Global Terrorism Index reported that Oman and Qatar are the only two countries in the region where terrorism has had no impact. Additionally, crime in Oman is rare and violent crime is nearly non-existent.
The Omani Rial is the official currency of Oman. The ISO 4127 currency code for the New Zealand Dollar is NZD.