How to get to البنك المركزي العماني in Muscat by Bus?

See البنك المركزي العماني, Muscat, on the map

Directions to البنك المركزي العماني (Muscat) with public transportation

The following transit lines have routes that pass near البنك المركزي العماني

  • BusBus:

How to get to البنك المركزي العماني by Bus?

Click on the Bus route to see step by step directions with maps, line arrival times and updated time schedules.

Bus stations near البنك المركزي العماني in Muscat

  • Ruwi Al Burj St. C,5 min walk,
  • Ruwi Bus Station,13 min walk,

Bus lines to البنك المركزي العماني in Muscat

  • 2,Ruwi Bus Station - Al Jalalah Mosque,
  • 4,Al Alam Palace - Ruwi Bus Station,
  • 1,Ruwi Bus Station - Al Mabelah,
  • 5,A Tawun Street - Ruwi Bus Station,
Questions & Answers

  • What are the closest stations to البنك المركزي العماني?

    The closest stations to البنك المركزي العماني are:

    • Ruwi Al Burj St. C is 321 meters away, 5 min walk.
    • Ruwi Bus Station is 944 meters away, 13 min walk.

  • Which Bus lines stop near البنك المركزي العماني?

    These Bus lines stop near البنك المركزي العماني: 1, 2

  • What’s the nearest bus stop to البنك المركزي العماني in Muscat?

    The nearest bus stop to البنك المركزي العماني in Muscat is Ruwi Al Burj St. C. It’s a 5 min walk away.

  • What time is the first Bus to البنك المركزي العماني in Muscat?

    The 1 is the first Bus that goes to البنك المركزي العماني in Muscat. It stops nearby at 6:37 AM.

  • What time is the last Bus to البنك المركزي العماني in Muscat?

    The 1 is the last Bus that goes to البنك المركزي العماني in Muscat. It stops nearby at 12:33 AM.

See البنك المركزي العماني, Muscat, on the map

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Public Transit to البنك المركزي العماني in Muscat

Wondering how to get to البنك المركزي العماني in Muscat, Oman? Moovit helps you find the best way to get to البنك المركزي العماني with step-by-step directions from the nearest public transit station.

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Looking for the nearest stop or station to البنك المركزي العماني? Check out this list of stops closest to your destination: Ruwi Al Burj St. C; Ruwi Bus Station.

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البنك المركزي العماني Address: شارع مركز مطرح التجاري street in Muscat

البنك المركزي العماني, Muscat
البنك المركزي العماني, MuscatThe Central Bank of Oman (CBO, Arabic: البنك المركزي العماني) was established in December 1974 and began operations on 1 April 1975. It replaced the Oman Currency Board as the principal currency authority in Oman. Currently it is headed by Taimur bin Asa'ad bin Tariq Al Said.The Central Bank of Oman is responsible for maintaining the stability of the national currency the Omani Rial and ensuring monetary and financial stability in a deregulated and open financial system. The capital base of the CBO which was one million Omani Rials at the commencement of operations in 1975, was strengthened over time and since April 2002 has remained at RO 300 million. At the end of 2005, CBO's assets/liabilities totalled RO1826.4 million.The Omani banking system has experienced several mergers since the 1990s and as a result the number of commercial banks at the end of 2005 stood at 13, of which five are locally incorporated and eight are branches of foreign banks, together having a branch network of 329 branches. Local banks, in addition, have 10 branches and one representative office abroad. As at the end of 2005, there were also three specialised banks in operation, with a network of 26 branches. The CBO has approved the establishment of an additional local bank (Sohar Bank) and a branch of a foreign bank (Bank of Beirut) that are expected to commence operations by the end of 2006. To strengthen the financial position of licensed banks and enable them to face competition as well as finance large projects, the minimum capital requirement for commercial banks was enhanced to RO50 million for local banks and RO10 million for foreign banks. The overall capital adequacy ratio of the commercial banks improved to reach 18.5 percent in 2005. The Sultanate has made significant progress in implementing the new capital Adequacy criteria laid down in the Basel-II Accord. The adoption of Basel II would transform the current approaches and tools of supervision of the CBO as well as the audit and risk management practices of banks. The CBO also administers and participates in the financing of a Bank deposit insurance system, which provides the commercial banks with a high level of security for deposits, while cushioning the effects of any unforeseen circumstances. The CBO also has an early warning system for commercial banks that enables it to predict possible financial crises and take preventive action when necessary. The various monetary policy instruments under the CBO's command could be broadly categorized into indirect measures and direct measures. Indirect policy (market oriented) measures include open market operations involving the buying and selling of securities, issuance of Central Bank's own securities, swaps etc. CD auctions are the main open market type operations conducted by CBO to absorb Omani Rial liquidity and banks can repossess these CDs to acquire liquidity both in the inter-bank market as well as the CBO. Direct monetary policy instruments used by the CBO are mainly in the form of reserve requirements and lending ratios. The CBO has put in place an efficient and advanced payment and settlement system in Oman. The launch of the Real-time gross settlement (RTGS) was the first milestone and went into live operations on 28 September 2005.
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