| CBO Gives One-Month Time Period for Replacing Old Omani Bank Notes | | 6/29/2019 8:00:00 PM | CBO Gives One-Month Time Period for Replacing Old Omani Bank Notes | In accordance with Article 45 (D) of the Banking Law issued under Royal Decree No. 114/2000, | <p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">In accordance with Article 45 (D) of the Banking Law issued under Royal Decree No. 114/2000, the Central Bank of Oman announces to all banks and FLCs operating in the Sultanate as well as citizens and residents that it has set a period of one month only as of July 1st, 2019, to replace expired banknotes, including the following:</span></p><p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2"><br><strong>All old Omani banknotes issued before November 1st, 1995, including:</strong></span></p><p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2"><strong>First Issue: </strong>Saidi Riyal issued in 1970 under the supervision of Muscat Currency Authority (100 Baisa, Quarter Riyal, Half Riyal, One Riyal, 5 Riyals, 10 Riyals).<br><strong>Second Issue: </strong>Banknotes issued in 1972 under the supervision of Oman Currency Board (100 Baisa, Quarter Riyal, Half Riyal, One Riyal, 5 Riyals, 10 Riyals).<br><strong>Third Issue:</strong> Banknotes issued in 1976 under the supervision of the Central Bank of Oman (from 100 Baisa to 50 Riyals).<br><strong>Fourth Issue: </strong>Banknotes issued in 1985 under the supervision of the Central Bank of Oman (from 100 Baisa to 50 Riyals).</span></p><p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2"><br><strong>Omani banknotes issued on November 1st, 1995:</strong></span></p><p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2"><strong>Fifth Issue:</strong> Banknotes 50 Riyals, 20 Riyals, 10 Riyals and 5 Riyals, which do not have the shiny holographic security strip on their front side.</span></p><p><span class="ms-rteThemeFontFace-1 ms-rteFontSize-2">It is therefore advised that all old banknotes mentioned above shall be replaced with the ones currently circulated by the Central Bank of Oman HO in Ruwi or its branches in Salalah and Sohar before the set deadline. It should be noted that these currencies will become illegal tender beyond the replacement deadline.</span></p> | 0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9 | | |