Cash And Trade Magazine For Cash and Trade professionals in the Middle East
The Central Bank of Oman completed its electronic cheque-clearing programme (ECC) all over the Sultanate as of January this year.
Executive president hamoud bin Sangour al Zadjali said, “This important project is a milestone in establishing international standard payment systems infrastructure in the Sultanate.”
Hilal bin Ali al Barwani, deputy director of the electronic financial change and settlement project committee, said that following the completion of the project, customers banking anywhere in the Sultanate could now participate in the centrally managed ECC system by clearing cheques and getting them settled on the same day.
