Central Bank says committed to FX peg after forwards move
Oman remains committed to the peg of the Rial against the USD, central bank executive president Hamood Sangour al-Zadjali said. He was speaking after one-year dollar/rial forwards rose on Monday as high as 1,500 points, their highest level since 2006. Asked about the rise, Zadjali told Reuters that the reasons for it were not clear, but: "Nothing changed. We are committed to the peg with the USD. The interest rate hasn't changed." He added that the rise might be partly due to the strength of the U.S. dollar globally. (Reuters)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.