Sultanate of Oman Dismisses Reports About Seeking Billions of Dollars
The Sultanate of Oman
Muscat - QNA
"The Sultanate of Oman has dismissed the news circulated by media that it is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit in its central bank that would boost its foreign exchange reserves and head off any pressure on the Riyal, The Omani Ministry of Finance said in a statement carried by Oman news agency (ONA).
The statement added that reports that the Sultanate is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit is false and that there have not been any negations to secure a multibillion worth deposit.
The statement affirmed that the Sultanate has enough reserves and that the value of the Omani Riyal does not face any risks.
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