By: Amr Adel

Abu Dhabi – Mubasher: The Sultanate of Oman remains committed to applying the OMR-USD peg, said Tahir Bin Salim Al Amri, executive president at the Central Bank of Oman (CBO) on Sunday.

Speaking to journalists on the sidelines of the 41st normal session of the Council of Arab Central Banks Governors in Abu Dhabi, Al Amri highlighted that his country has no intention to change the US dollar peg.

Al Amri, who was appointed CBO executive president earlier this month, stressed that the Omani riyal was not suffering any pressures in global foreign exchange markets despite the sharp drop in oil prices.

Translated by: Nada Adel Sobhi