Muscat: In a statement issued online, the CBO confirmed that this would ensure stability of the Omani Rial, mitigate capital outflow, and promote certainty among investors by removing exchange rate risk.
The decision was taken after the US Federal Reserve decided to hold interest rates unchanged at a range between 5.25 percent and 5.50 percent
Read More
- Oman, Iran agree framework for safe shipping corridor through Strait of Hormuz
- Thunderstorms, strong downdraft winds sweep parts of Oman
- Saudi Crown Prince sends written message to His Majesty Sultan Haitham
- Oman FM arrives in Tehran, discusses safe passage of ships through Strait of Hormuz
- CPA seizes 1,668 soft drinks, 177 expired juice cans in Oman
