Central Bank of Oman's Hamood Sangour Al Zadjali on the dollar, financial stability and Islamic finance

Hamood Sangour Al Zadjali at Central Bank of Oman

Are you satisfied with your monetary policy of pegging the Omani rial to the US dollar? What other alternatives have you considered and why do you continue to reject them?

The Central Bank of Oman (CBO) remains firmly committed to the fixed peg with the US dollar, which has been sustained at $2.6008 per Omani rial since 1986. The fixed peg provides the country with a stable exchange rate, which helps in promoting investment, growth and diversification of the economy. It has provided certainty

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