A new customs duty of 0.5% on banknotes imported by exchange houses and banks was withdrawn by the government within four days of introducing it, after money exchanges had submitted a memorandum to the Central Bank of Oman (CBO). The Customs Department had decided to introduce customs duty on imported bank notes on 13 February, which jacked up the value of foreign currencies (against Omani rial) sold by money exchanges for a few days as the exchange houses were passing the additional burden on to customers. (Times of Oman)
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