Central Bank of Oman issues new banknotes

Oman Sunday 10/January/2021 16:42 PM
By: Times News Service
Central Bank of Oman issues new banknotes

Muscat: The Central Bank of Oman (CBO) has issued new banknote denominations of OMR20, OMR10, OMR5, OMR1, OMR½, and 100 baisa for circulation in the market.

This issuance is a completion of the sixth issue of the Omani banknotes (1441 H-2020G) which began by circulating the OMR50 banknote as of July last year.

Notably, the new banknotes will be legal tender and circulate side by side with other banknotes currently in circulation starting from 11 January 2021.

The CBO is currently working, in coordination with banks operating in the Sultanate, to make ATM, CDM, vending and all other withdrawal and deposit machines compatible with the new banknotes.