Oman announces termination, withdrawal of some banknotes

CBO issues reminder on termination, withdrawal of some banknotes from Circulation within a maximum period of 360 days, starting from January 2024

Muscat: The Central Bank of Oman (CBO) issued a circular on January 7, 2024 on terminating the use of certain denominations of currency which will be withdrawn from circulation within a maximum period of 360 days from its date. After 31st December 2024, these denominations will become out of circulation and have no legal tender value.

The to-be-withdrawn banknotes are from the fifth issue of 1995, the banknotes from the modified issue of 2000, the banknote of OMR 1 (commemorative 2005), the banknote of OMR 20 (commemorative 2010), the banknotes of the amended issue of 2011 and 2012, and the banknote of the denomination of OMR 1 (Commemorative) 2015, and the modified OMR 50 banknote of 2019.




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