According to an article in the Oman Daily Observer dated 12 February 2012, the Central Bank of Oman has introduced new 5- and 10-rial notes (with upgraded security features, which will circulate in parallel with existing notes of the same denominations. Based upon the 40th NATIONAL DAY inscription on theRead More…

According to a Gulf News article dated 16 December 2009, Gulf Cooperation Council (GCC) leaders concluded their annual two-day summit with an agreement to form a monetary union, paving the way for a single currency for Bahrain, Kuwait, Qatar, and Saudi Arabia; Oman and the United Arab Emirates opted out.Read More…