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Oman cbank board term extended

Muscat, June 20, 2012

The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.

"There are no changes at all. The same board members were renewed by the royal decree," Hilal al-Barwani, vice president in charge of banking oversight at the central bank, told Reuters.

Oman's ruler Sultan Qaboos bin Said remains the board's chairman, while Ali bin Mohammed bin Moosa stays as his deputy. Other members include Yahya al-Jabri, Sultan al-Habsi, who represents the finance ministry, Hamood Sangour al-Zadjali, who serves as the central bank's executive president, Mohsen bin Haider bin Darwish, and Hatim al-Shanfri, state news agency ONA reported. The board's new term started on June 11.

Oman pegs its rial currency to the US dollar along with most Gulf states. - Reuters




Tags: Oman | Central Bank | board |

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