ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message …
Read More »â€˜Oman has means to maintain its currency peg’
Bloomberg Oman has the means to maintain its currency peg and has no plans to change it even though the decline in oil prices has hurt its finances, central bank Governor Tahir Al Amri said. Oman’s gross foreign currency reserves, which stood at $19.6 billion at the end of January, are enough to cover nearly nine months’ worth of imports, …
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