Central Bank of Oman
Amal Al Harthy is an experienced project manager at the Central Bank of Oman since February 2017, having previously held positions as a test analyst and associate test analyst. Prior experience includes a role as a contractor in the Verification Team for the E-Transformation Project at the Information Technology Authority in Oman. Amal's foundational experience includes positions at SAP as a Business Processes Associate Consultant and internships at Petroleum Development Oman, Ooredoo Oman, and the Ministry of Defence. Academically, Amal holds an MBA in Change Management from AGSM @ UNSW Business School, a Postgraduate Certificate in Advanced Computer Science from the University of Birmingham, a Nanodegree in Data Foundation from the National Youth Program for Skills Development, and a Bachelor's degree in Computer Software Engineering from the University of Technology and Applied Sciences.
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Central Bank of Oman
The Central Bank of Oman, the nation’s central bank, is responsible for promoting and maintaining monetary and financial stability in the Sultanate of Oman, as well as for fostering a sound and progressive banking and financial system in the country conducive to its sustained economic growth. Monetary stability means stable prices and confidence in the currency. Financial stability entails detecting and reducing threats to the financial system as a whole. CBO is also the single integrated regulator of the banking and financial services sector in the country. In order to achieve the above purposes, CBO performs various functions as follows, as mandated by Banking Laws 1974 and its subsequent amendments. -Formulates and administers monetary policy to achieve a variety of goals including stable prices, growth and employment. -Licenses, regulates and supervises commercial banks, specialized banks, financial and leasing companies and money exchange companies. -It acts as a banker to the Government – It provides a full range of banking services for the Government, such as acceptance of deposits from the Government, lending to the Government to help finance the fiscal deficits, running the Government bank account acting as its fiscal agent, public debt management, exchange control, and management of foreign exchange reserves of the country. -It acts as a banker to the Banks – holds deposits from the banks operating in the Sultanate of Oman, lends them funds for short periods, and provides them a variety of other services including payment system, settlement, and clearing facilities. -Issues national currency and manages the liquidity in the banking system.