World's Second-Longest Serving Central Banker Out in Oman
- Hamud Al-Zadjali replaced as Oman grapples with oil slump
- Moody’s cut Oman’s banking outlook on weaker economic growth
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Oman’s ruler replaced the head of the central bank after 26 years in the job as the Gulf Arab monarchy struggles to cope with the impact of low oil prices on its economy.
Sultan Qaboos, in a decree published by the state-run news agency late on Tuesday, appointed Tahir Bin Salim Al Amri as the central bank’s executive president. He replaced Hamud Sangur Al-Zadjali, who served in the post since 1991, making him the world’s second-longest serving central banker after Romania’s Mugur Isarescu, according to data compiled by Bloomberg.