The assets of the Central Bank of Oman have increased since the beginning of 2021, as data issued by the National Center for Statistics and Information showed an increase in the total foreign assets of the Central Bank from January to the end of last April by 8.1 percent to reach about 6.9 billion riyals (17.9 billion dollars), with an annual comparison.
The foreign reserves at the Central Bank consist of three components, including deposits in foreign currency, the reserve account with the International Monetary Fund, amounting to nearly $400 million, and securities, amounting to $8.6 billion.
This rise reflects the confidence of international investors in the Omani economy despite all circumstances, and it comes in contrast to what international institutions, including the International Monetary Fund and the World Bank, indicate to the possibility of a decrease in the Sultanate's cash reserves in the event of a prolonged epidemic.
The foreign currency reserves rose by 4 percent at the end of August 2020 to reach 6.66 billion riyals (17.38 billion dollars), compared to the same period last year. The Sultanate of Oman's foreign exchange and gold reserves were estimated at about $16.6 billion at the end of 2019.
Source (London-based Al-Arab Newspaper, Edited)
