Oman Decision No. BM/REG/43/11/1997 On the Regulation of Both Professions of Currency-Exchange as well as Currency-Exchange and Money Transfers
Abrogates
Oman Decision No. 346/31/3/1983
Based on the Omani Banking Law, Oman Law No. 7/1974;
Decision of the Board of Governors No. 346/31/3/83 on the regulation of the profession of currency-exchange in the Sultanate of Oman;
Decision of the Board of Governors No. m m 1108/98/6/97/13 dated 23/06/1997 on the regulation of both professions of currency-exchange as well as currency-exchange and money transfers in the Sultanate of Oman; and
Based on the requirements of the public interest;
The following has been decided:
Article 1
The annexed Regulation shall be enforced for the regulation of both professions of currency-exchange as well as currency-exchange and money transfers.
Article 2
Aforementioned decision of the Board of Governors, Oman Decision No. 346/31/3/1983 and any provision that is contrary to the present Decision shall be abrogated.
Article 3
The Executive President of the Central Bank of Oman shall issue the necessary decisions and instructions for the implementation of the provisions of this Decision.