Sultanate of Oman Dismisses Reports About Seeking Billions of Dollars Deposit Through Gulf States

Muscat, “The Sultanate of Oman has dismissed the news circulated by media that it is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit in its central bank that would boost its foreign exchange reserves and head off any pressure on the Riyal, The Omani Ministry of Finance said in a statement carried by Oman news agency (ONA).

The statement added that reports that the Sultanate is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit is false and that there have not been any negations to secure a multibillion worth deposit.

The statement affirmed that the Sultanate has enough reserves and that the value of the Omani Riyal does not face any risks.

Source: Qatar News Agency