News developments
Oman: Central bank sets rules for replacing damaged bank notes
5 April 2026: The Omani Central Bank has clarified formal procedures for replacing damaged banknotes, outlining conditions and documentation required for exchange.
The Central Bank has issued guidance setting out how members of the public can exchange damaged Omani banknotes, confirming that torn, burned and physically damaged currency may be replaced if specific conditions are met. Replacements will be made with notes fit for circulation once eligibility requirements are satisfied.
In the case of burnt banknotes, applicants must present the damaged currency in person alongside a police report or official certificate which has been issued by the Royal Oman Police or the relevant wali confirming the fire incident, in addition to a valid national ID or resident card.
In cases involving torn banknotes, the Central Bank requires that more than half of the note remains intact, including at least one complete serial number and a visible signature. Where damaged currency does not meet these criteria, the Central Bank has said exceptions may be considered if supported by an official letter from the Ministry of Social Development or the wali, explaining the individual’s circumstances and requesting the exchange.
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