Ample forex reserves upkeep rial's fixed peg : vimarsana.com

Ample forex reserves upkeep rial's fixed peg

Muscat: The foreign exchange reserves in the Sultanate of Oman remained adequate, supporting the stability of the Omani rial’s fixed peg to the US dollar. Based on international standard metrics, foreign reserves held by the Central Bank of Oman (CBO) remained adequate in 2020 and the first half of 2021, the apex bank said in a report.They provide...

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