CBO board discusses recent economic developments

Muscat - 

The board of governors of the Central Bank of Oman (CBO) on Thursday held its second meeting of this year chaired by H E Sultan bin Salim al Habsi, deputy chairman of the board of governors. The meeting was held at the CBO headquarters.

At the meeting, H E Habsi welcomed the members of the board and presented a detailed report on the recent economic and financial developments in the sultanate. The board then discussed the performance of the money exchange companies operating in Oman, and the study on various avenues that will open new horizons for this sector in the future due to the rapid changes.

The CBO board examined the financial performance of the central bank as of April 2019, including reports on the latest international investments.

A report on the financial integrity of the banking sector

and performance indicators shown through banking oversight and supervision reports, as well as a report on the recent activities of the bank’s departments in 2019, were examined by the board.

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