Central Bank of Oman introduces certificates of deposit
The Central Bank of Oman (CBO) has introduced 91-day and 182-day certificates of deposit in addition to 28-day CDs. According to ONA, certificates of deposit (issue No. 231) tender was held at the Central Bank of Oman (CBO) during last week.
The total amount allotted was RO. 73 million (some US$193 million). A bulletin issued by the CBO stated that the average accepted interest rate of these certificates was 3.06% while the maximum accepted interest rate was 3.10%. The tenor of these certificates is 28 days.