CBO Extends Deadline to Exchange Old Currency Notes: What It Means for Your Business and Investments in Oman
The Central Bank of Oman (CBO) has extended the redemption period for expired banknotes across all banks operating within the Sultanate. The new deadline for exchanging these notes is now set for September 21, 2025. This extension provides additional time for the public to redeem outdated currency notes at any bank throughout Oman.
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The extension of the redemption period for expired banknotes to September 21 by the Central Bank of Oman offers a critical window for businesses and consumers to transition smoothly without financial losses. This move reduces immediate liquidity risks and encourages confidence in the banking system, presenting an opportunity for entrepreneurs to innovate in cash management and digital payment solutions. Smart investors should now consider the evolving cash circulation dynamics and potential shifts toward digital finance in Oman.