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About: Central Bank of Oman     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : umbel-rc:Business, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingyago:WikicatBanksEstablishedIn1974yago:WikicatBanksOfOmanyago:WikicatCentralBanksyago:WikicatCompaniesEstablishedIn1974geo:SpatialThingyago:Abstraction100002137yago:CentralBank108349916yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:SocialGroup107950920umbel-rc:Business New Facet based on Instances of this Class

The Central Bank of Oman (CBO, Arabic: البنك المركزي العماني) was established in December 1974 and began operations on 1 April 1975. It replaced the Oman Currency Board as the principal currency authority in Oman. Currently it is headed by Taimur bin Asaad bin Tariq al-Saeed. The Sultanate has made significant progress in implementing the new capital Adequacy criteria laid down in the Basel-II Accord. The adoption of Basel II would transform the current approaches and tools of supervision of the CBO as well as the audit and risk management practices of banks.