MUSCAT: The Central Bank of Oman (CBO) has issued a clear statement addressing rumors about the release of a new OMR 100 banknote, categorically denying these claims as false and inaccurate. The CBO confirmed that the only legitimate banknotes currently in circulation are 100 Baisa, Half Rial, 1 Rial, 5 Rials, 10 Rials, 20 Rials, and 50 Rials. This clarification aims to dispel confusion caused by misinformation circulating on social media and other platforms, ensuring that the public receives accurate financial information from trusted sources.
The bank stressed the importance of relying solely on official announcements for updates related to currency and financial matters. Misinformation regarding currency denominations can lead to public uncertainty and disrupt normal banking and commercial activities. By addressing the issue promptly, the CBO underscores its commitment to maintaining monetary stability and safeguarding the integrity of Oman’s financial system.
Furthermore, the CBO encouraged citizens and residents to exercise caution and refrain from spreading unverified news that could contribute to unnecessary concern or panic. The bank’s proactive communication serves to reassure the public of the stability of the current currency system while emphasizing transparency and vigilance in its operations. Such measures are vital in fostering trust between financial institutions and the community.
This alert from the Central Bank is part of broader efforts to combat misinformation and promote financial literacy in Oman. As digital communication channels continue to expand, the CBO’s role in monitoring and correcting false information becomes increasingly crucial. The bank remains dedicated to providing clear, reliable guidance and supporting a well-informed public amid evolving economic conditions.
