CBO signs MoU with Central Bank of Iran

Muscat - 

The Central Bank of Oman (CBO) recently signed a Memorandum of Understanding (MoU) with the Central Bank of Iran, pursuant to the distinguished relations between the Sultanate of Oman and the Islamic Republic of Iran.

According to a press release, the MoU aims at strengthening the distinguished bilateral relations and enhancing mutual cooperation between the two countries.

It also aims at supporting and developing banking, financial and economic operations for both Oman ans Iran.

In addition, articles of the MoU included mutual exchange of knowledge and expertise relating to the banking sector and cooperation between the two countries in promoting bilateral and international trade.

The Memorandum of Understanding also made reference to both parties’ efforts to exchange visits among high officials, implement secondment programmes for employees and enhance training, and benefiting in this regard from the relevant institutions, such as the College of Banking and Financial Studies (CBFS) in Oman, which is under the juristic supervision of CBO.

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