Skip Ribbon Commands
Skip to main content
البنــك المركــــزي العمـــاني Central Bank of Oman
Home
  • Welcome Guest

 

 

57th GDB Issue Receives Overwhelming Response57th GDB Issue Receives Overwhelming ResponseThe 57th Government Development Bonds Issue worth RO 100 Million announced recently by CBO has received an overwhelming response from subscribers. /news/91
CBO Holds Second Board Meeting of the YearCBO Holds Second Board Meeting of the YearThe Central Bank of Oman’s Board of Governors held its second meeting of this year on Monday, 28th May 2018. The meeting was chaired by H.E. Sultan bin Salim bin Saeed Al-Habsi, Deputy Chairman of CBO’s Board of Governors./news/88
CBO Holds Annual Bankers’ MeetingCBO Holds Annual Bankers’ MeetingCentral Bank of Oman on Tuesday, 8th May 2018 organized the Annual Bankers’ Meeting under the chairmanship of His Excellency Tahir bin Salim Al Amri, Executive President of the Central Bank of Oman. /news/84

 Exchange Rates
Last Updated Date 18 / 07 / 2018
  Buy Sell
AED
0.1045438 0.1048218
EUR
0.4470528 0.448294
INR
0.0056067 0.0056219
JPY
0.0033982 0.0034077
USD
0.384 0.385
Exchange Rate History Disclaimer +More

 News

 

 

57th GDB Issue Receives Overwhelming Responsehttps://cbo.gov.om/news/916/26/2018 8:00:00 PM57th GDB Issue Receives Overwhelming Response​The 57th Government Development Bonds Issue worth RO 100 Million announced recently by CBO has received an overwhelming response from subscribers.
Eid-Al-Fitr Holiday for Banks From Thursdayhttps://cbo.gov.om/news/906/10/2018 8:00:00 PMEid-Al-Fitr Holiday for Banks From ThursdayOn the occasion of Eid Al Fitr, all banks shall begin their Eid vacation from Thursday, 14th June 2018 until Monday 18th June 2018.

 Circulars

 

 

BOD/CB/2018/364 - Eid-Al-Fitr Holiday for Banks From Thursdayhttps://authoring.bnet.om/english/Circulars/Pages/BOD-CB-2018-364.aspx6/10/2018 8:00:00 PMBOD/CB/2018/364 - Eid-Al-Fitr Holiday for Banks From ThursdayOn the occasion of Eid Al Fitr, all banks shall begin their Eid vacation from Thursday, 14th June 2018 until Monday 18th June 2018. https://publishing.bnet.om/sites/assets/Documents/English/Circulars/2018/EidAlFitrHoliday2018.pdf
BOD/AB/2018/352 - Three day Holiday for Banks, FLCs and Money Exchanges in Dhofarhttps://authoring.bnet.om/english/Circulars/Pages/BOD-AB-2018-352.aspx5/25/2018 8:00:00 PMBOD/AB/2018/352 - Three day Holiday for Banks, FLCs and Money Exchanges in DhofarIn line with the Royal Directives of His Majesty Sultan Qaboos bin Said and in view of the climatic conditions in the Governorate of Dhofar, a three-day holiday has been announced for all the Banks,https://publishing.bnet.om/sites/assets/Documents/English/Circulars/2018/BOD26May2018.pdf

 Treasury Bills

 

 

Treasury Bills Tender Result (16 July 2018) Treasury Bills Tender Result (16 July 2018) 7/15/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TB16Jul18.pdf
Treasury Bills Tender Result (09 July2018)Treasury Bills Tender Result (09 July2018)7/8/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults10july2018.pdf
Treasury Bills Tender Result (02 July2018)Treasury Bills Tender Result (02 July2018)7/1/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsResultsIissue2July2018.pdf
Treasury Bills Tender Result (25 June 2018)Treasury Bills Tender Result (25 June 2018)6/24/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TbillsTenderResults25June018.pdf
Treasury Bills Tender Result (19 June 2018)Treasury Bills Tender Result (19 June 2018)6/18/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults19June2018.pdf
Treasury Bills Tender Result (11 June 2018)Treasury Bills Tender Result (11 June 2018)6/10/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults11June2018.pdf
Treasury Bills Tender Result (04 June 2018)Treasury Bills Tender Result (04 June 2018)6/3/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults4June2018.pdf
Treasury Bills Tender Result (28 May 2018)Treasury Bills Tender Result (28 May 2018)5/27/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults28May2018.pdf
Treasury Bills Tender Result (21 May 2018)Treasury Bills Tender Result (21 May 2018)5/20/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults21May2018.pdf
Treasury Bills Tender Result (14 May 2018)Treasury Bills Tender Result (14 May 2018)5/13/2018 8:00:00 PMhttps://publishing.bnet.om/sites/assets/Documents/Global/TreasuryBills/2018/TreasuryBillsTenderResults14May2018.pdf

 All Indicators
<
>
   
+ More

 

 

Forex180720180812431243
Forex180720180812431243
Forex180720180812431243

 Publications

 

 

Monthly Statistical Bulletin May 2018https://cbo.gov.om/report/MonthlyBulletins/655/14/2018 8:00:00 PMMonthly Statistical Bulletin May 2018 ​The economic recovery in the Sultanate is gaining traction as domestic demand improves and market sentiment becomes more condusive to growth. Also, the sustained increase in oil prices coupled with strong external demand will give the non-oil activities the needed stimulus.
Monthly Statistical Bulletin April 2018https://cbo.gov.om/report/MonthlyBulletins/644/14/2018 8:00:00 PMMonthly Statistical Bulletin April 2018 ​The Omani economy rebounded from a contractionary phase and recorded a broad-based recovery with a nominal growth of 8.7 percent during 2017. The hydrocarbon and non-hydrocarbon sectors witnessed a growth of 20.8 percent and 3.9 percent, respectively, during the year.

 E-Services
   +More

 

 Speech

 

 

Annual Meeting with External Auditors - 2017https://cbo.gov.om/speech/510/30/2017 8:00:00 PMAnnual Meeting with External Auditors - 2017 ​It is with great pleasure I welcome you all to this Annual Meeting with External Auditors of Banks and FLCs. For me, this edition is special since it is my first Auditors' Meeting after assuming my new responsibilities at the Central Bank. I have been eagerly looking forward to hearing from you all. This year, we have made some changes in the format of the meeting to make the deliberations theme based, and more interactive and focused. IFRS 9 would be the theme for today's meeting in view of its impending implementation. We also intend to provide you an insight into the rationale behind various policy decisions made in the recent past to enable you to discharge the audit responsibilities effectively. There are two interlinked issues such as implementation of IFRS 9 and proper risk classification of loans and compliance with the Central Bank regulations, that we would like to focus on today. We are now in the final laps in the run up to the mandatory implementation of IFRS 9. I am sure all of you must be very busy in preparing yourself for the challenges ahead for its implementation. We do hope that the auditors would play a proactive role in ensuring that the banking system is well prepared for a consistent and proper implementation of the standard. I would therefore request the audit firms to deploy their experienced and best talent for the job at hand. They should also ensure proper risk classification of loans, provisioning for bad assets and compliance with regulatory requirements and disclosure standards. In this connection also, integrity of financial reporting is critical to the growth of business. The audit firms must implement robust quality controls and internal review procedures so as to ensure integrity of financial reporting and avoid similar lapses in all respects. IFRS 9 enlarges the scope for management discretion and subjectivity. This brings in a host of issues such as the possibility of profit smoothening and under-provisioning. Indeed, even in the absence of management discretion, there is always the possibility of model failure. Therefore, in consultation with audit firms, we have retained our two track approach to impairment provisioning. In order to harmonise the regulatory framework with accounting standards, it is advised that the adjustment for the shortfall in IFRS 9 provisions as compared to CBO requirements be made below the line. Therefore, the auditors have got an onerous job to ensure that the provisions under IFRS 9 are adequate and made for both expected and incurred losses, in keeping with the spirit of the standard. As you are aware, the Central Bank has advised banks to submit IFRS 9 based proforma financial statements in parallel and subject their proforma financial statements for the year ending December 31, 2017 to a limited review by the auditors. There are two primary drivers to this decision. Firstly, it would facilitate better preparedness for the impending implementation. More importantly, it would allow the Central Bank to assess the extent of impact of IFRS 9 on regulatory capital. This would allow us to take a decision on any transitional relief on capital adequacy and also the approach for the dividend payouts for the year 2017. It is imperative, therefore, that this exercise be completed in a timely manner, and the Central Bank receives the audited financial statements of banks/ FLCs and also the IFRS 9 based proforma financial statements for the year ending December 2017 in one lot within the specified time.

 Media

 

 

Career at CBO/Pages/Career.aspxCareer at CBO
Commemorative Coins/Pages/coingallery.aspxCommemorative Coins
Currency Museum/Pages/MuseumVirtualTour.aspxCurrency Museum
Media Gallery/Pages/Media.aspxMedia Gallery