Monday 22, December 2008 by
Central Bank of Oman boosts liquidity
Following a meeting of the Central Bank of Oman's (CBO) Board of Governors on 21 December 2008, the CBO has decided to decrease the reserve ratio requirement for licensed commercial banks from 8% to 5%, and to increase the lending ratio from 85% to 87.5% effective from 1 January 2009.
