Oman Explores Idea of GCC Peers to Deposit Dollars into Central Bank
Posted on 01/10/2017
Oman’s Ministry of Finance is working with its Gulf Arab counterparts on receiving a multi-billion dollar deposit into its central bank. The reason is to lessen pressure on the Omani rial, while boosting its foreign exchange reserves. In addition, the Central Bank of Oman has encouraged its local financial institutions to attract deposits of foreign […]
- Central Bank of Oman
- Central Banking
- GCC
- Kuwait
- Middle East
- Oman
- Oman Investment Fund
- Qatar
- rial
- Saudi Arabia
