CBO board reviews monetary developments

Muscat: The Board of Governors of the Central Bank of Oman (CBO) convened its fourth meeting of this year on Monday, December 30, at CBO headquarters in the Commercial District, Muttrah. The meeting was chaired by Sultan bin Salim bin Said Al-Habsi, the Deputy Chairman of CBO’s Board of Governors.
Beginning the meeting deliberations, the board reviewed some of the major economic, financial and monetary developments witnessed in the Sultanate during the fourth quarter of this year. The Board of Governors also reviewed CBO’s financial position, and examined the status of its foreign investments, in addition to taking stock of SMEs financing by banks. The board also examined the financial integrity statements of the banking sector and reviewed its performance indicators in line with various banking regulatory and surveillance reports.
Furthermore, the Board of Governors discussed CBO’s Monetary Policy Enhancement Plan and approved CBO’s Annual Budget for the year 2020. The board also held discussions on a host of other topics that were listed on its meeting agenda and took appropriate decisions accordingly.