Its wide range of powers includes issuing regulations related to the implementation of Banking Laws, interest rates, capital adequacy, discounting of commercial papers, appointment of banking personnel, and other necessary regulations.
The Board of Directors of the Central Bank of Oman consists of nine members appointed by His Majesty the Sultan, as follows:
| His Highness Sayyid Taimur bin Asa'ad bin Tarik Al Said (Chairman)
|
 |
H.E. Dr. Said bin Mohammed bin Ahmed Al-Saqri Minister of Economy (Deputy Chairman)
|
| H.E. Ahmed bin Jaafar bin Salim Al-Musalmi Governor of the Central Bank of Oman (Member)
|
 |
H.E. Abdullah bin Salim Abdullah Al-Harthy
Under-Secretary of the Ministry of Finance (Member)
|
 | H.E. Abdullah bin Salem Al Salmi President, Financial Services Authority (Member)
|
 | Sayyida Rawan bint Ahmed bin Thabit Al-Busaidiya
(Member)
|
| Dr. Said bin Mubarak bin Said Al-Mahrrami
(Member)
|
 | Dr. Khalfan bin Mohammed bin Khalid Al-Barwani
(Member)
|
| Dr. Jamil bin Darwish bin Jamil Al-Shaqsi
(Member)
|