Royal Decree 3/2025 Promulgating the System of the Central Bank of Oman

Arabic

We, Haitham bin Tarik, the Sultan of Oman

after perusal of the Basic Statute of the State,

the System of the Administrative Apparatus of the State promulgated by Royal Decree 75/2020,

and the Banking Law promulgated by Royal Decree 2/2025,

and in pursuance of public interest,

have decreed as follows

Article I

The Central Bank of Oman hereby has legal personality, and enjoys financial and administrative independence, in a manner that guarantees to it practising its tasks, functions, and works as well as achieving its objectives. The provisions of the following system hereby apply in its regard.

Article II

The headquarters of the Central Bank of Oman and its primary safes must be in the Governorate of Muscat, and it is permitted to establish branches, safes, offices, and other facilities within the Sultanate of Oman or aboard by a decision by the Board of Directors of the Central Bank of Oman to perform its tasks, functions, and works.

Article III

The organisational structure of the Central Bank of Oman is hereby adopted in accordance with the attached annex. The creation, modification, and abolishment of administrative divisions in the structure must be by a decision by the Governor of the Central Bank of Oman after the approval of the board of directors of the bank and the competent entities.

Article IV

The phrases “board of governors” and “executive president,” wherever they occur in laws and royal decrees, are hereby replaced with the phrase “board of directors” and “governor” as the case may be.

Article V

All that is contrary to this decree and the attached system, or in conflict with their provisions, is hereby repealed.

Article VI

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 1 Rajab 1446
Corresponding to: 1 January 2025

Haitham bin Tarik
Sultan of Oman

Published in Official Gazette 1578 issued on 5 January 2025.