We, Qaboos bin Said, the Sultan of Oman
after perusal of the Banking Law of 1974,
and after perusal of Our Decree 25/75 Forming the Board of Governors of the Central Bank of Oman,
have decreed as follows
Article 1
The salaries and remuneration of the Chairman of the Board of Governors of the Central Bank of Oman must be determined by a decision issued by Us.
Article 2
The salaries of the Omani members of the Board of Governors of the Central Bank of Oman must be equivalent to the salaries of undersecretaries of ministries, provided that they are dedicated full-time to their duties in the board of governors in accordance with the provisions of article 2.1.5 of the Banking Law of 1974.
Article 3
The salaries of non-Omani members of the Board of Governors of the Central Bank of Oman must be in accordance with the terms of their contracts, and these contracts must be approved by the board of governors.
Article 4
All members of the board of governors, whether full-time or part-time, are entitled to remuneration for attending the meetings of the board of governors amounting to fifty Rial Omani for each meeting.
Article 5
This decree must be published in the Official Gazette.
Issued on: 23 Jumada Al-Thani 1395
Corresponding to: 3 July 1975
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 83 issued on 15 July 1975.