Central Bank of Oman

Until 1970, when Sultan Qaboos bin Said took over, there was no national authority responsible for the supervision of the incipient banking system. The number of banks was small and the banking activities were limited in scales. The two monetary authorities that preceded the establishment of the Central Bank of Oman, namely the Muscat Currency Authority in 1970 and the Oman Currency Board in 1972, were not vested with full banking status, but, they had well prepared the ground for the emergence of the Central Bank of Oman. However the major event heralding the eminent creation of the Central Bank of Oman was the launching of the Banking Law in 1974 (which was amended vide Royal Decree No. 114/2000). ==Board of Directors==

The following individuals are members of the Board of Directors of the Central Bank of Oman, as per Royal Decree 4/2025: • Minister of Economy – Deputy Chair • Governor of the Central Bank of Oman • Undersecretary of the Ministry of Finance • President of the Financial Services Authority • Sayyida Rawan bint Ahmed bin Thabit Al-Busaidiya • Dr Said bin Mubarak bin Said Al-Maharrami • Dr Khalfan bin Mohammed bin Khalid Al-Barwani • Dr Jamil bin Darwish bin Jamil Al-Shaqsi ==Chairmen of the board==

• Mahmood Muhammad Murad, of Oman Currency Board, 1972–1974 • Tariq bin Taimur Al Said, of Central Bank of Oman, 1974–1976 • Sultan Qaboos bin Said, 1976 – January 2020 • Sultan Haitham bin Tariq, January 2020 – August 2020 • Taimur bin Asa'ad Al Said, August 2020–present ==Executive Presidents==

The position of Executive President was abolished in January 2025 and replaced with that of Governor, as per Royal Decree 3/2025. • Yusuf A. Nimatallah, 1975 – Dec 1978 • Abdul Wahab Khayata, Dec 1978 – June 1991 • Tahir Salim Al Amri, Sept 2017 – Jan 2025 ==Governors==

• Ahmed bin Jaffer bin Salim Al-Musalmi, Jan 2025 – ==See also==