The Central Bank of Oman (CBO) has reiterated that there is no threat to the country’s currency peg with the central bank holding sufficient reserves to back the fixed-exchange regime. According to the CBO, as of December 2015, it required only 30% of the available foreign reserves to maintain the peg according to the banking law, adding that it manages liquidity to maintain the exchange rate. Between April 2003 and December 2015, the CBO needed, on average, around 24% of its reserves to keep the peg. However, this increased to about 30% after the fall in oil prices, the report said. (Muscat daily)