The world’s largest producer of Omani coins has been hit by a serious issue.
The Omani Embassy in Washington, DC has told the US Treasury Department that the country is facing a severe shortage of its 1.3 billion pound silver bars.
Oman is the only country in the world that produces coins of its own, and it is also the only one in the Middle East that has been sanctioned by the United Nations.
In a statement issued on Sunday, the embassy said that Omanis have been unable to exchange their Omani currency for American dollars since March, and they are struggling to obtain US dollars for purchases of Oman coins.
The statement added that the shortage was exacerbated by the fact that Omani banks are unable to process international payments for the majority of transactions, resulting in a shortage of funds in the economy.
The currency shortage has caused a serious and immediate economic and social problem.
The country’s Ministry of Finance has said that there are more than 200,000 Omani citizens, and that they face an economic and financial crisis, according to the Reuters news agency.
The United States has already sanctioned Oman for violating sanctions imposed on the country for its alleged involvement in the war in Yemen.
The diplomatic tensions between Oman and the United States have been on the rise since January, when the US Department of Treasury accused Oman of providing military equipment to Iran, and in June, the US accused Omani officials of helping to smuggle arms into Yemen.
Omar Hassan, a member of the Omani parliament, told Al Jazeera that the government had not responded to the sanctions, and the government’s failure to provide enough food to its people has also contributed to the crisis.
Omara, which is also known as Saudi Arabia, is a sovereign state in the Arabian Peninsula.