INDIA
INDIA

INR

CASHPAY

219.20

PAKISTAN
PAKISTAN

PKR

CASHPAY

719.00

BANGLADESH
BANGLADESH

BDT

CASHPAY

318.50

PHILIPPINES
PHILIPPINES

PHP

CASHPAY

148.80

NEPAL
NEPAL

NPR

CASHPAY

350.96

SRI LANKA
SRI LANKA

LKR

CASHPAY

750.00

MOROCCO
MOROCCO

MAD

CASHPAY

25.74

JORDAN
JORDAN

JOD

CASHPAY

1.75

EGYPT
EGYPT

EGP

CASHPAY

2.58

TANZANIA
TANZANIA

TZS

CASHPAY

6665.89

UGANDA
UGANDA

UGX

CASHPAY

9516.71

KENYA
KENYA

KES

CASHPAY

333.22

ETHIOPIA
ETHIOPIA

ETB

CASHPAY

314.07

UAE
UAE

AED

CASHPAY

9.52

NIGERIA
NIGERIA

NGN

CASHPAY

4083.40

Rates

Our Best Rates

DATE - 06/12/2024

The Rates displayed are indicative and subject to change

INDIA

INR

TT

219.60

CASH PAY

219.20

PAKISTAN

PKR

TT

721.50

CASH PAY

719.00

BANGLADESH

BDT

TT

319.40

CASH PAY

318.50

PHILIPPINES

PHP

TT

148.80

CASH PAY

148.80

NEPAL

NPR

TT

350.96

CASH PAY

350.96

SRI LANKA

LKR

TT

750.00

CASH PAY

750.00

MOROCCO

MAD

TT

25.74

CASH PAY

25.74

JORDAN

JOD

TT

1.75

CASH PAY

1.75

EGYPT

EGP

TT

2.58

CASH PAY

2.58

TANZANIA

TZS

TT

6753.91

CASH PAY

6665.89

UGANDA

UGX

TT

9516.71

CASH PAY

9516.71

KENYA

KES

TT

334.91

CASH PAY

333.22

ETHIOPIA

ETB

TT

314.07

CASH PAY

314.07

UAE

AED

TT

9.52

CASH PAY

9.52

NIGERIA

NGN

TT

4083.40

CASH PAY

4083.40

Rates

Gold Rates

DATE - 06/12/2024

22ct 1gm

No Making Charge

31.29 OMR

24ct 1gm

Making Charge Separate

32.97 OMR

10 Tola

No Making Charge

3840.00 OMR
Services

Services We Provide

Aiming to deliver superior service quality for all clients, Purshottam Kanji Exchange provides a wide range of money transfer services, GOLD and Silver Buying and Selling, Wage Protection System and Excellent FOREIGN Exchange to meet all customer needs. Employing user-friendly mechanisms that promise speed, efficiency and real-time transparency, you can be sure that all your money remittance, GOLD and Silver purchases and sales and foreign exchange requirements are handled efficiently by our strong service portfolio, which includes:

Remittance

We provide remittance services such as bank account transfers, cash pickups, and door-to-door delivery as well. Instant access to all geographies along with an extensive network of correspondent banks helps you to conduct remittances. Additionally, our strong team of Customer Relationship Managers assists and supports your remittance needs – with 100% service satisfaction.

Corporate Remittance

Excellent range of solutions for your corporate remittance needs. We offer competitive currency exchange rates with a wide network of banks and agents, across the Sultanate of Oman and the GLOBE Our corporate team service is flexible, including door-to-door collection and delivery for FOREX and GOLD and makes sure that PKE is the ideal choice for businesses of all sizes.

GLOBAL Remittance

We are one of the few Money Exchange companies that can initiate transactions to bank accounts in the USA, UAE, UK, and Europe. We offer fast, reliable delivery for both individuals and corporations. Transfer money instantly to beneficiaries through cash payouts at agent outlets in the receiving countries. Popular services include Western Union, MoneyGram, Instant Cash, Transfast, and GCC Remit for sending money to your loved ones instantly.

Foreign Exchange

We offer comprehensive foreign exchange services for customers. Individuals can access any of our branches to buy currency at the best market rates. With a pervasive network of branches strategically located throughout Oman – in malls and standalone branches – we ensure secure and speedy service with guaranteed 100% satisfaction.

Gold Bars & Coins

We buy and sell GOLD bars and coins. We do sell certificates and the actual physical product. We base our pricing on current LIVE market conditions. There are no minimums and has the flexibility of home delivery. We sell 24ct and 22ct bars and coins with Oman purity verification stamp. We do sell international Brands like PAMP, Valcambi etc

WPS

The Wages Protection System (WPS) is an electronic system initiated by the Central Bank of Oman to ensure timely salary disbursement. It facilitates the payment process and monitors and documents every step, ensuring transparency and compliance. WPS enables employers to efficiently manage payments, while employees benefit from secure access to their wages, fostering trust and stability in the workforce.

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Book Your Order

Foreign Exchange

Experience seamless foreign exchange services with us. Simply fill out the form to book your order. We're here to make your transaction smooth and hassle-free!

Gold Bars & Coins

Secure your investment in gold bars and coins with confidence. Fill out the form to place your order today. We're here to ensure a smooth and trustworthy transaction!

Gold Bars & Coins

Secure your investment in gold bars and coins with confidence. Fill out the form to place your order today. We're here to ensure a smooth and trustworthy transaction!

Features

Why Choose Us?

Swift

Easy to do business and convenience to reach out makes us different from our competitors

Secure

We employ robust encryption and secure databases, underpinned by extensive research

Simple

Global Remittance, FOREX, and Gold/Silver Bullion Sales are driven by rapid and secure service

Timeline

Our Greatest Milestones

1980

  • Company Established
  • Money Exchange & FOREX Dealer
  • Bullion License

2018

  • New Shareholders:
  • Skyline Investments International LLC
  • Neptune National Investments LLC

2019

  • Online Remittance Platform Approval

2020

  • Appointment of New Management:
    Mr. Supin James - GM

2021

  • Branch Expansion
  • Bullion Sales Expansion
  • Digital Products Expansion

2022

  • Listed in FORBES Magazine as
    TOP 5 Exchanges Going Digital in GCC

2023

  • Core System Changed to SMARTEX
  • Revamp of Mobile Application
  • Branch Strength 36
Contact Us

Get In Touch Now

Message Us

About Us

Leading Money Exchange of the Sultanate of Oman

The first Licensed Money Exchange in Oman and with digitally growing solutions for customers, we are leading the way. Purshottam Kanji Exchange's direct relationship is currently spread across Four continents in the world. Our innovative services are powered by a strong and reliable network built around the world and managed by experienced professionals to always ensure customers are served the best. We will ensure our customer's money transfers and exchange needs are completely always met. We deal in Global Money Transfer, We buy & sell GOLD and Silver Bullion, FOREX and support the Wage Protection System in Oman.

Vision

To be the first choice in Money Exchange. We are exchanging the trust with each customer with high-quality services.

Mission

To create a learning organization driven by a high-performance team, enrolled and accountable through operations, process excellence and exceeding customer expectations.

 
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Legacy

THE LEGEND IS MOVING AHEAD: Purshottam Kanji Exchange, Since 1920s

A History of GOLD and Golden Traditions

Set up in the year 1920, by Mr. Purshottam Kanji and his father Mr. Kanji, who migrated from the terrains of Kutch, Gujarat in India. Started their business trading viz. in rice, sugar, edible oil and clothes.

With time, in the year 1955, Purshottam Kanji started a small business as a Saraf, exchanging money between Dubai and Muscat and buying and selling pure 24 ct gold. The most tradable currencies in those days were Maria Theresa Thalers – ‘Kirsh Franci Fadda’ a silver Coin that was originally minted in Austria and the Indian Rupees which were in circulation in Oman until 1969. For a decade from 1970 to 1980, Purshottam Kanji was doing money exchange and gold business on their trade license just from the Ministry of Commerce.

In the year 1980, The Central Bank of Oman introduced Money Exchange regulation and M/S. Purshottam Kanji was the first company to get the license issued by CBO to carry on Money Exchange and Draft drawing and buying and selling of gold business. Today we are a proud supplier of GOLD from 1gm to 1 Kg Bars in the Oman Market.

Earlier, The Central Bank of Oman had allowed to open only up to Seven branches. Later on, they sanctioned more branches all over Oman through its length and breadth, as the country was expanding at a rapid pace under His Majesty Sultan Qaboos bin Said’s dynamic vision and wise leadership on all fronts, attracting all-round business opportunities. A large number of the expatriate workforce was attracted to Oman for contributing their efforts for the rapid development of Oman, said Mr. Shah.

This shift in digital thinking and increased loitering in the digital world. Pandemic-induced confinement, along with enhanced job and income insecurity has made quick-win schemes a green pastureland for grazing, especially for young people.

For companies like us with a vision set on the future of money transfers and payments, distributed ledger technologies could offer opportunities to enrich and empower our customers and communities through innovative solutions. Today, we can send money from Oman to a customer’s bank account in another country and have it credited in seconds. If that is possible without Distributed Ledger Technology, imagine what a technology that takes out intermediaries could offer to the customer in the future! We introduced Online Money Transfer in iOS and Android and have quickly found success. Today we are coming up with a much-advanced solution and our Mobile application is set to be a game changer in the market as digital relationships are growing rapidly in PKE. According to Purshottam Kanji Exchange General Manager, Mr. Supin James “We as a nimble organization, can see the change. We feel it. Many organizations are quick to react to this shift in the psyche, especially those that operate on a global canvas like Purshottam Kanji. We were quick to make digital platforms and solutions the fulcrum of our operations, with technology-based services adding impetus to the traditional brick and mortar operations.”

While the world of money increasingly shifts to digital, and as we course through another roller-coaster year dreaming of a pandemic-free, ‘unconditional outdoors’ social landscape, one thing will remain constant. The experience that every individual gets, whether across the counter or in the virtual world would influence this transformational journey of money. The uninitiated need to be taken care of well, while the initiated need to stick to the newer ways of consumerism.

Expanding to new horizons in Oman

FIRST BRANCH IN MUTRAH The first branch was opened in MUTTRAH Cornish, Mr. Gulab Pawani, Director of Purshottam Kanji. In the early days, we created awareness by distributing leaflets, newspaper advertisements and mouth-to-mouth canvassing about the benefits of transferring money to India through an official channel which was started by the Reserve Bank of India”, further adding other countries – Pakistan, Bangladesh, Sri Lanka, Philippines were followed.
To the credit of Purshottam Kanji Exchange LLC; the first bank correspondence relationship was set up in the year 1980 with three Indian banks – Bank of Baroda, Corporation Bank and Catholic Syrian Bank.

Recalling the initial days, “Those days we began with only four staff members in our branch and the entries and accounts were managed manually. The Demand Draft was printed and sent by courier to India which took a long time. Interestingly, there were no computers, but the scenario changed with technology catching up globally and Oman growing fast under the able leadership of His Majesty Sultan Qaboos bin Said, we too introduced computers and electronic transfers.”

In 2023 the organization had the vision to expand the retail outlets to reach out to the customers and to be part of this wonderful journey of PKE. The company had opened 24 branches by the end of 2022 and has seen tremendous response from customers and increased its footfall and has become a strong name amongst the exchange houses in GCC and was recognized by FORBES for the digital growth in the market.

Mr. Supin James, who took over the General Manager position of Purshottam Kanji Exchange in the year 2019 said “We have been having great response from customers and due to the facilities and services the request to have the branches opened next to your home city was one big request we had during Covid crisis. We have worked towards the expansion and our BOARD has acknowledged the need to expand we have opened 11 branches in the year 2023 and taking the total tally to 36 branches with 200+ staff. Our product services include FOREX, Remittance both individual and Corporate and GOLD Bullion sales and purchases have been recognized by customers and as our tagline says, “WE EXCHANGE TRUST”.

We have constantly worked on improving our service and providing a new product line for customers to transfer money abroad and maintain the best rates in the market for all 3 product lines. An efficient team is available for connecting with corporate and individual customers and catering a personalized service. Purshottam Kanji Exchange has established a new corporate office in Mumtaz Plaza in Ruwi has enhanced the facilities in branches and is currently working on a new look and feel.

The Importance of Omanisation is well incorporated and training the professionals to the next level in the organization structure and enhancing the knowledge and skills to support the growth. Purshottam Kanji Exchange has been focusing primarily on Digital innovations and parallel growth in the retail outlets and has been increasing the infrastructure to provide better services to customers in Oman. We are keen on becoming the household name of Oman and take this opportunity to thank the Ruling family and Ministries of Oman for their kindhearted support of our vision and mission.

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