Central Bank of Oman

Oman Makes IBAN Mandatory for All Domestic Bank Transfers Starting July 1, 2025

Shahzaib2 weeks ago2 weeks ago02 mins

Oman’s Central Bank has made IBAN mandatory for all domestic bank transfers from July 1, 2025, aiming to boost transaction accuracy and speed. Following successful IBAN implementation for international payments, this policy ensures greater financial security and aligns Oman with global banking standards.

Oman Introduces New Banking Law and Central Bank Governance to Enhance Financial Sector

Shahzaib4 months ago4 months ago03 mins

Oman has introduced a new banking law and governance framework for the Central Bank of Oman (CBO) to modernize its financial system. The law covers digital banking, Islamic finance, customer protection, and financial stability, aligning with Oman’s vision for economic development and improved regulatory standards in the banking sector.