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Central Bank of Oman

 

Central Bank of Oman Logo

The Central Bank of Oman (CBO) was established in December 1974 and began operations on 1 April 1975. It replaced the Oman Currency Board as the principal currency authority in Oman. The Central Bank of Oman is responsible for maintaining the stability of the national currency the Omani Rial and ensuring monetary and financial stability in a deregulated and open financial system.

 
 

The CBO is responsible for maintaining the internal and external value of the national currency. It is also the single integrated regulator of Oman's financial services industry. It is committed to excellence in providing monetary and financial stability and fostering sound and progressive financial sector to achieve sustained economic growth for the benefit of the nation.

The CBO also has an early warning system for commercial banks that enables it to predict possible financial crises and take preventive action when necessary. The various monetary policy instruments under the CBO's command could be broadly categorized into indirect measures and direct measures.


Indirect policy (market oriented) measures include open market operations involving the buying and selling of securities, issuance of Central Bank's own securities, swaps etc. CD auctions are the main open market type operations conducted by CBO to absorb Omani Rial liquidity and banks can repossess these CDs to acquire liquidity both in the inter-bank market as well as the CBO. Direct monetary policy instruments used by the CBO are mainly in the form of reserve requirements and lending ratios.
 

Central Bank of Oman HQ Location Map

Central Bank of Oman
HQ Address: P.O. Box 1161
Postal Code 112,Ruwi
Sultanate of Oman
Tel: +968 24 777 777
Fax: +968 24 788 995
Website: www.cbo.gov.om
Swift Code: CBOMOMRU
Currency: Omani Rial
Banking Hours: Sat - Wed : 8.00am - 2.00pm
 

 

The CBO also administers and participates in the financing of a Bank deposit insurance system, which provides the commercial banks with a high level of security for deposits, while cushioning the effects of any unforeseen circumstances.
 

List of banks governed by the Central Bank of Oman
» Bank Dhofar » Oman Arab Bank » Bank Sohar
» Bank Muscat » Oman International Bank » Ahli Bank
» National Bank of Oman

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