We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
Royal Decree 31/71 Delegating the Application for the Accession of the Sultanate of Oman to the Membership of Certain International Financial Organisations,
the Banking Law 7/74 and its amendments,
the decision of the Board of Governors of the International Monetary Fund 98/2 issued on 6 February 1998,
and the decision of the Board of Governors of the Central Bank of Oman BG/1163/101/3/98/18 issued on 29 March 1998 regarding the approval of the increase of the share of the Sultanate of Oman in the International Monetary Fund,
and in pursuance of public interest,
have decreed as follows
Article I
The increase of the share of the Sultanate of Oman in the International Monetary Fund from 119.4 million to 194 million units of special drawing rights is hereby ratified. The Sultanate of Oman shall bear all the obligations arising from such increase in accordance with the laws in force in it.
Article II
All relevant entities shall implement this decree, each within its mandates.
Article III
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 22 Muharram 1419
Corresponding to: 19 May 1998
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 624 issued on 1 June 1998.