Omani central bank chief still committed to dollar peg

Hamood Sangour Al Zadjali at Central Bank of Oman

The Central Bank of Oman (CBO) remains "firmly committed" to its fixed peg with the US dollar, in place since 1986, the bank's executive president Hamood Sangour Al Zadjali says in an interview published in the February 2014 issue of Central Banking journal.

"The benefits of the fixed peg are substantial, given our economic structure and high degrees of openness in both current and capital accounts," Al Zadjali argues, adding that it "helps in promoting investment, growth and diversification of

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