Central Bank of Oman’s Board of Governors holds its 3rd meeting for 2023

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Muscat:  The Board of Governors of the Central Bank of Oman held its third meeting for this year at the bank’s headquarters in the commercial district.

The Board of Governors reviewed global and regional economic developments and their impact on the Omani economy in general and the banking sector in particular.

The Board urged the need to follow up on these developments to assess their potential impacts, in addition to informing the Board of the international position on digital currencies and the studies prepared by the bank’s executive management on that. The Council discussed and approved the annual budget of the College of Banking and Financial Studies for the academic year 2023-2024.

The Council also reviewed the financial position of the Central Bank of Oman, a number of reports submitted by the bank’s executive management on the prospects for financial stability, the quarterly report of the Oman Financial and Credit Information Center “Mala’ah”, the financial soundness indicators report for banks, the position of reserves and the performance of the central bank’s foreign investments, and a financing report. small and medium Foundation.

The Council reviewed the initiatives implemented within the bank’s strategy 2021-2023, reviewing the general framework of the Central Bank of Oman’s strategy 2024-2026. In addition to discussing a number of other topics on the agenda, the Council took appropriate decisions regarding them.

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