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 10/99 Increasing the Capital of the Central Bank of Oman,
and Royal Decree 114/2000 Issuing the Banking Law,
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 and fifty million Rial Omani to three hundred 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 2002.
Issued on: 25 Rabi Al-Thani 1423
Corresponding to: 6 July 2002
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 723 issued on 15 July 2002.