Muscat – The CBO stated that its monetary policy target is to sustain and maintain its fixed exchange rate.
“This policy is aligned with the structure and nature of the Omani economy,” it explained, pointing out several advantages for the country from this policy.
Prominent among them are:
- Stability of the currency.
- Avoidance of capital outflow.
- Promoting certainty among investors by removing exchange rate risk.
Read More
- His Majesty Sultan Haitham issues three Royal Decrees on urban planning, sports sector and health education reforms
- Indian community in Muscat joins yoga session onboard INS Visakhapatnam
- Muscat phone retailer fined for selling tampered second-hand device
- Oman’s CPA recovers over RO 4,000 from defaulting tourism firm in Barka
- Salalah Airport receives first Etihad Airways flight ahead of Khareef Dhofar 2026 season
