Central Bank of Oman urges public to exchange outdated currencies as deadline nears

Muscat: The Central Bank of Oman (CBO) has issued a public reminder to all customers to exchange specific currencies before the deadline of December 31, 2024. This initiative is part of the bank’s ongoing efforts to streamline currency circulation and ensure compliance with updated monetary policies.

Customers holding outdated or phased-out banknotes are encouraged to visit their nearest CBO branch or authorised exchange centers to complete the process promptly.

The CBO emphasised the importance of adhering to the deadline, as banknotes that are not exchanged by the specified date may lose their legal tender status, making them ineligible for use in transactions.

The Gulf Indians

Recent Posts

Denial of Bail to Umar Khalid and Sharjeel Imam Unjust : The Supreme Court once again upholds the principle ‘ Bail is the Rule , Jail the Exception ‘

By Joseph Maliakan In a judgment that will have far-reaching consequences for the protection of…

4 days ago

The proposed School Management Committees (SMCs) are Unconstitutional, an attack on Autonomy and will spread utter Chaos in School Education across the country.

By Joseph Maliakan Education according to the Indian Constitution, is in the concurrent list and…

2 weeks ago

Brutal Opression of Labour in NOIDA : May Day becomes Black Day

By Joseph Maliakan " Workers of the World United ! You have nothing to loose…

3 weeks ago

Death of the Dalit Nithin Raj – Institutional Muder

By Joseph Maliakan Nithin Raj 22, a dalit , son of Latha , a daily…

1 month ago

This website uses cookies.