We, Qaboos bin Said, the Sultan of Oman
after perusal of the Basic Statute of the State issued by Royal Decree 101/96,
the Banking Law 7/74 and its amendments,
and Royal Decree 8/95 Increasing the Capital of the Central Bank of Oman,
and in pursuance of public interest,
have decreed as follows
Article I
The capital of the Central Bank of Oman is hereby increased from two hundred million Rial Omani to two hundred and fifty million Rial Omani.
Article II
The Central Bank of Oman shall transfer the increase stipulated in article I of this decree from the general reserve account of the bank.
Article III
This decree must be published in the Official Gazette, and comes into force on 1 April 1999.
Issued on: 1 Dhu Al-Qa’dah 1419
Corresponding to: 17 February 1999
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 642 issued on 1 March 1999.