"The Sultanate of Oman has dismissed the news circulated by media that it is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit in its central bank that would boost its foreign exchange reserves and head off any pressure on the Riyal, The Omani Ministry of Finance said in a statement carried by Oman news agency (ONA).

    The statement added that reports that the Sultanate is negotiating with Gulf Arab states to secure a multi-billion-dollar deposit is false and that there have not been any negations to secure a multibillion worth deposit.

    The statement affirmed that the Sultanate has enough reserves and that the value of the Omani Riyal does not face any risks.