13 Hrs
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الشبيبة
Oman Central Bank hikes interest to 4.5%
The Central Bank of Oman extended the deadline for participating in the awareness campaign on digital financial fraud, amid global markets being affected by statements from the U.S. Federal Reserve Chairman. As a result, gold prices dropped and futures contracts declined by 1%. The bank also set a final deadline for replacing old currency notes and increased the interest rate to 4.5%. On another note, His Majesty Sultan is visiting Botswana to discuss issues related to diamonds. Additionally, seven foreign workers were detained near the central coasts, and Oman continues consultations with Iran and Gulf countries to ensure navigation security in the Strait of Hormuz.
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