The Central Bank of Oman (CBO) raised the capital adequacy ratio (CAR) requirement for all banks to 12 per cent from 10 per cent effective from December 2010.
A CBO statement yesterday said its board also agreed to increase the capital of the central bank to RO500 million (Dh4.77 billion) from RO400m as of April 1, 2010.
Meanwhile, a National Economy Ministry bulletin said Omani money supply grew 1.8 per cent in January while foreign assets and gold holdings of the central bank rose 1.9 per cent.
Money supply, measured as M2, stood at RO8.03bn in January compared to RO7.89bn in December.
Money supply includes time and savings deposits, margins and foreign currency. The foreign assets and gold of CBO grew to RO4.78bn in January, up from RO4.69bn the previous month, said the ministry.
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