Middle-east Arab News Opinion | Asharq Al-awsat

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People exchange money at a money exchange office in Doha, Qatar, June 11, 2017. REUTERS/Tom Finn

Qatar Flooded Banks with $8 Billion to Offset Outflows

by Asharq Al-Awsat | Sep 20, 2017 | Business

London- Qatar pumped 29.1 billion riyals ($8 billion) into its banking system in August to cushion it from withdrawals by financial institutions from neighboring Arab states due to the Gulf’s diplomatic crisis, central bank data showed. The current crisis, triggered...

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People gather outside a branch of Qatar Airways in the United Arab Emirate of Abu Dhabi on Tuesday (AFP photo)

Qatar Central Bank: USD6 Billion Left Doha in June

by Asharq Al-Awsat | Jul 11, 2017 | Business

London- Around $6 billion left Qatar over June, Qatar Central Bank Governor Sheikh Abdullah Bin Saoud al-Thani said, affirming that the Qatari riyal will continue to be pegged to the US dollar in the future. His statements were made during an interview with CNBC,...

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A man counts Qatari riyal notes at a money changer in Doha May 28, 2013. REUTERS/ Fadi Al-Assaad

Qatari Riyal Suffers Worst Condition in Three Decades

by Asharq Al-Awsat | Jun 24, 2017 | Business

London- Foreign investors are testing Qatar’s currency peg, revealed Bloomberg, adding that cutting ties led to a temporary shortage in the American dollar. The Qatar Central Bank provides dollars to domestic banks at the pegged rate, satisfying onshore dollar demand...