Central Bank of Oman
Ismail Al Rahbi has extensive experience in the banking and finance sector, currently serving as an Expert in the Office of Regulation at the Central Bank of Oman since March 2005. In this role, Ismail supports the Regulation Directorate by enhancing regulatory policies and processes aligned with international best practices. Previous positions include Acting Manager for Licensing, where Ismail oversaw the approval for bank branches and licensing, as well as Assistant Manager in the Banking Development Department, responsible for preparing monthly reports and supervising licensing activities. Prior to joining the Central Bank, Ismail worked as a Recovery Specialist at HSBC Oman and as a Marketing Assistant at United Finance Company SAOG. Ismail holds an MBA from Victoria University, completed between 2001 and 2003.
This person is not in any teams
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.