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Qatar central bank guarantees riyal transactions, denies some exchanges stopped buying it

By dailymail / Published on Friday, 30 Jun 2017 12:27 PM / No Comments

Qatar‘s central bank said on Friday it will guarantee all exchange transactions for customers inside and outside Qatar without delay, adding that all banks and foreign exchange companies are committed to trading the riyal as usual.

The statement came after media reports said some exchange companies have stopped buying the Qatari riyal, which the central bank called “baseless”.

“Qatari riyal’s exchange rate is absolutely stable against the U.S. dollar, and its exchangeability inside and outside Qatar is guaranteed at any time at the official price,” QCB said.