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Oman keeps dollar peg
- Oman: Monday, June 18 - 2007 at 07:55
The Governor of the Oman Central Bank Hamoud bin Sangour Al Zadjali has dismissed the possibility of the sultanate ditching its currency's peg to the US dollar, reported Gulf News. Al Zadjali said the benefits of the riyal's peg were 'very important' to the country and Oman remained 'committed' to it. Meanwhile, the bank has stopped issuing government development bonds and treasury bills to curb internal debt.
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Jonathan Sheikh-Miller, Deputy EditorMonday, June 18 - 2007 at 07:55 UAE local time (GMT+4)
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