(MENAFN- The Peninsula) Thanks to a strengthening US dollar to which Qatar's riyal (QR) is pegged, major world currencies have lost considerable value against it (QR) in the past two years.
Figures released by the Qatar Central Bank (QCB) show that euro, British pound, Swiss franc and the Japanese Yen have all depreciated against the riyal.
Euro was quoting at QR4.83 in January 2013 and in January of this year the exchange rate had come down to QR4.48.
The British pound was ruling at QR5.81 in January 2013 and was down to 5.55 two years later, in January 2015.
Similarly, the Swiss franc was available for QR3.93 in the local foreign exchange market in early 2013 and its rate was down slightly to QR3.86 by January of this year.
Hundred Japanese Yen were available for QR4.08 in January 2013 and they were now being sold for QR3.07.
GCC currencies remained fixed at QR0.97 (Saudi riyal), QR0.99 (UAE dirham), QR9.68 (Bahraini dinar), QR9.46 (Omani riyal) and QR12.37 (Kuwaiti dinar).
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