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MENAFN - Muscat Daily - 18/05/2014
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(MENAFN - Muscat Daily) To reduce the risks involved in physical handling of cash, the Central Bank of Oman (CBO) has appealed to the public to make maximum use of ATMs and CDMs. 

'Increased use of ATMs will benefit, both the public and banks as it is speedy and efficient. This will also lead to optimum use of infrastructure and encourage further improvements,' stated a press release.

The release further added that the above appeal has been made to the banks as well. The public is requested to cooperate with banks in this regard and help in optimum use of staff and other resources, it stated.

 'It will be helpful if the public uses ATMs and CDMs for cash transactions to the maximum permissible limits -  even though non-cash transactions by means of crossed/account payee cheques and national payment systems of CBO will be the more preferred option,' it added.


 


Muscat Daily




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