Skip Ribbon Commands
Skip to main content
  • ع

 

​

 

 

The Central Bank of Oman announces the Termination of the use of a number of banknotes1/6/2024 8:00:00 PMThe Central Bank of Oman announces the Termination of the use of a number of banknotesThe Central Bank of Oman issued a circular today, 7th January 2024, regarding terminating the use of certain denominations of currency and withdrawing them from circulation within a maximum period of 360 days starting from its date. <p><span style="text-align:justify;">The Central Bank of Oman issued a circular today, 7</span><sup style="text-align:justify;">th</sup><span style="text-align:justify;"> January 2024, regarding terminating the use of certain denominations of currency and withdrawing them from circulation within a maximum period of 360 days starting from its date. After 31</span><sup style="text-align:justify;">st</sup><span style="text-align:justify;"> December 2024, these denominations will become out of circulation and have no legal tender value.</span></p><p style="text-align:justify;">The denominations that the bank announced the end of their use include the banknotes of the fifth issue in 1995, the banknotes of the upgraded issue in 2000, the banknote of the denomination of one riyal commemorative banknote 2005, the banknote of the denomination of twenty riyals commemorative banknote 2010, the banknotes of the upgraded issue of 2011 and 2012, the banknote of the denomination of one riyal commemorative banknote, and the upgraded Fifty Riyals banknote in 2019.<br></p><p style="text-align:justify;">The Central Bank of Oman directed all banks operating in the Sultanate of Oman to accept the aforementioned banknotes and replace them with banknotes of the sixth issue during the aforementioned period. The Central Bank of Oman also directed all institutions and retailers to accept these banknotes from the public and then deposit them to the banks operating in the Sultanate of Oman.​<br></p>0x010100C568DB52D9D0A14D9B2FDCC96666E9F2007948130EC3DB064584E219954237AF3900075E4FF44B3F64489802BE694C5C6FB70300A9BCF8A0432A87429120A5B0A0EDBFF9

Interested to buy commemorative coins, banknotes, a Banking Law book, and/or many other things that are on sale by CBO? Please follow the ‘Available for Purchase’ link to know what is up for sale.

Available for Purchase link arrow