Complete the sentence about Central Bank of Oman with the correct year: Until ______, when Sultan Qaboos bin Said took over, there was no national authority responsible for the supervision of the incipient banking system.

Answer and explanation

Correct answer: D. 1970

Until 1970, when Sultan Qaboos bin Said took over, Oman had no national authority to supervise its young banking system. Banks were few and activity was small.

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