To: All Banks Operating in the Sultanate of Oman

Subject: Imposition of Fines on Cash Deposits Received from Operating Banks

Further to our previous circular BM: 1188 regarding the enhancement of the quality of cash in circulation in Sultanate of Oman, and to ensure the existence of an appropriate mechanism for the operating banks to count and sort banknotes in accordance with the rules and procedures set by the Central Bank of Oman.

The Central Bank of Oman decided to implement some adjustments related to the imposed fines on cash deposits received from operating banks that do not follow the rules and conditions set by the Central Bank of Oman as per the attached Annexure. The fines apply on cash deposits from operating banks in Oman starting from 1st August, 2024.