Take one Omani apartment priced at OMR 100,000. In January 2021 a buyer paying in euros needed about €211,500 to buy it. In late September 2022 the same apartment, at the same rial price, cost about €271,900. Today it costs about €230,800. The Omani rial did not move a fraction of a cent against the US dollar at any point in that stretch. The euro buyer's bill swung by almost a third anyway. That...




