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Saturday, 21 November 2009 13:57 UAE time

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Central Bank of Oman

Main Category: Central Bank
First Address : PO Box 1161
City : Ruwi
Country : Oman
Phone: 968 2 4702222
Website: www.cbo-oman.org


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ALL STORIES LIST


Oman unlikely to use remaining $1.7bn support fund

Oman has used $300m of its $2bn support fund to help local banks, no more likely.

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Oman central bank plans $129.9m bond issuance

Bank officials say the bonds will be issued on Sept 6, set to mature in 2012.

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Oman banks show growth amid downturn

Total assets increase by 15% in May to reach $35.5bn, driven by growth in credit.

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Oman eyes single-digit inflation in 2009

Oil price slump to lessen inflationary pressures - Oman central bank executive president.

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Oman central bank to supply dollars to local banks

'Current situation on world markets' prompts regulator to intervene in forex transactions.

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Oman repurchase rate up on liquidity squeeze

Repurchase rate has risen 79 basis points to 4.28 percent this week, central bank says.

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Oman annual inflation eases in July

Inflation slows to 13.35%, central banker expects inflation below 10% early next year.

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Oman inflation likely to stabilise - central bank

Inflation 'probably' hit peak at record 13.2%, likely to stabilise as global food crisis wanes.

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Dollar peg to stay, Oman reiterates

Central bank governor says peg best suited to economy, despite inflation hitting 12.4% in April.

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No u-turn on monetary union exit - Oman

Central bank says no intention of joining monetary union, will not depeg from US dollar.

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Oman tightens lending restrictions

Oman cbank hikes reserve requirement to 8% in inflation fight, third rise in almost a year.

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Gulf to miss 2010 single currency deadline

States agree to create joint cbank next year, but admit Gulf currency will not reach deadline.

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Gulf inflation threat mounts as oil hurdles to $150

Record oil prices placing more pressure on Gulf states to revalue currencies - analysts.

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Inflation, dollar peg to overshadow Gulf cbank summit

Central bank governors meeting to try and pick up pace of monetary union.

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Oman urges banks to rein in lending

Central bank says banks should lend less to individuals and focus on project financing to curb inflation.

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Central bankers eye shift in single currency deadline

Bankers also expected to discuss how to control record inflation at bi-annual meeting.

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Gulf currencies surge as dollar nears record low

Investors bet on central banks revaluing currencies against dollar.

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Oman hikes salaries up to 43%

Sultanate's ruler orders rise in state workers' wages and wheat subsidy to curb impact of rising inflation.

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Oman rules out depegging, single currency

Weaker rial attracts investment, exports more competitive, central bank says.

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Gulf central banks face uphill battle

WEF: More future US rate cuts will increase pressure on banks to revalue, says Saudi economist.

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Oman curbs lending in inflation battle

Restrictions tightened for second time in five months to prevent lower borrowing costs from fuelling inflation.

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Oman body to fight inflation

Cabinet sets up ministerial committee to curb inflation, which accelerated to 16-year high in September.

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Oman moves to take pressure off rial

Central bank reduces yield on certificates of deposit at its first auction since US interest rate cut.

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Homeowner boost as Gulf states cut rates

Move follows US cut in interest rates, sending dollar to new lows and piling pressure on expat salaries.

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Oman inflation hits 16-year high

Annual inflation in the sultanate accelerated to 6.47% in August as food costs and rents increased.

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Spiralling costs blamed on dollar peg

Oman's commerce minister says peg partly to blame for rising inflation, which has hit 6% in the sultanate.

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Oman 'firmly committed' to dollar peg, rate

Country to keep value of rial unchanged even as some traders bet on regional revaluation.

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Oman refuses to cut interest rates

Sultanate becomes third Gulf Arab oil producer with currency pegged to dollar not to follow US rate cut.

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Oman inflation accelerates to almost 6%

Annual inflation rose at its fastest pace this year during July as food costs and rents jumped.

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Oman inflation down for second month

Inflation eased in May for a second consecutive month, Sultanate has no plans to change dollar peg.

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UAE to keep US dollar peg

Update: The Emirates' central bank is set to maintain its currency pegged to the dollar, ending speculation.

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Banking on Oman

On January 24, the Central Bank of Oman (CBO) released figures showing that the country's banking sector had enjoyed a good year in 2006, with profits, assets and deposits all up.

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Oman makes net gains

With increased regulation and global competition, the Central Bank of Oman needed to speed up the country's interbank payment systems. ACN finds out more.

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