His Majesty Sultan Qaboos Bin Said has issued two Royal Decrees on Wednesday October 10, 2007. The Royal Decree No.104/2007 forms the Board of Governors of the Central Bank of Oman (CBO).

Article I says the Board of Governors of the Central Bank of Oman shall be formed under our chairmanship and membership of the following:

Dr. Ali bin Mohammed Bin Moosa, as deputy-chairman; Mohammed Bin Naser Al Khusaibi, as Representative of the Finance Ministry; Hamoud Bin Sangour Bin Hashim Al Zedjali; Yahya Bin Said Bin Abdulla Al Jabri; Mohsin Bin Haidar Darwish; Dr. Hatim Bin Bakheet Al Shanfari.

The membership duration shall be for five years from the date of the decree's enforcement.

Article II says the decree cancels all that contradicts or contravenes with its provisions.

Article III states the decree takes effect from June 11, 2007.