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OMAN BANKS' 2008 SPECIAL DEPOSITS ROSE 19% TO US$16.5 BLN:REPORT.

AsiaPulse News

| March 02, 2009 | COPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUSCAT, Feb 27th Asia Pulse - The total amount of special deposits with Omani commercial banks rose 19.6 per cent by the end of December 2008 to reach RO. 6.353 billion (US$16.5 billion).

This was against RO.5.309 billion during the same period in 2007.

The statistical bulletin released by the Central Bank of Oman (CBO) indicated that time-deposit by end of December 2008 stood at RO.3.119,8 billion, savings-deposit RO.1.687 billion and demand deposits stood at RO.1.545 billion.

The total amount of these deposits stood at RO.5.574 million and 778.9 million in foreign currencies.

The total currency and clearance house ratio to Rial Omani deposits stood at 19.4 per cent; whereas ratio of ...

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