Finance & Capital Market

Oman cbank issues new banknote denominations

The Central Bank of Oman (CBO) has issued new banknote denominations; 20 rials, 10 rials, 5 rials, 1 rial, ½ rial, and 100 baisa for circulation in the market, a media report said.

This issuance is a completion of the sixth issue of the Omani banknotes (1441 H-2020G) which began by circulating the RO50 ($129.5) banknote as of July last year, reported state-run Oman News Agency (ONA).

The new banknotes will be legal tender and circulate side by side with other banknotes currently in circulation starting from January 11.

The CBO is currently working, in coordination with banks operating in the Sultanate, to make ATM, CDM, vending and all other withdrawal and deposit machines compatible with the new banknotes, the report added.