We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
and the Banking Law 7/74, amended by Royal Decree 55/77,
and in pursuance of public interest,
have decreed as follows
Article 1
The authorised capital of the Central Bank of Oman is hereby increased to ten million Rial Omani, provided that the paid-up capital is set at ten million Rial Omani.
Article 2
The required increase must be financed from the general reserve of the bank in accordance with the provisions of the mentioned Banking Law, as amended.
Article 3
All relevant entities shall implement this decree.
Article 4
This decree must be published in the Official Gazette, and comes into force on the date of its publication.
Issued on: 18 Rabi Al-Thani 1398
Corresponding to: 27 March 1978
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 144 issued on 1 April 1978.