Qatar- QCB stresses stability of riyal against dollar
Date
6/30/2017 1:57:17 AM
(MENAFN- The Peninsula) QNA
Qatar Central Bank (QCB) said that the reports circulating across different media about the trading and exchange rate of the riyal are baseless.
In a statement issued yesterday, QCB said the riyal's exchange rate is absolutely stable against the US dollar, adding that exchangeability of riyal inside and outside Qatar is guaranteed at any time at the official price based on a set of data, including the International Monetary Fund's acknowledgement of the riyal as an official currency as well as the fact that it is covered by Qatar Central Bank through huge cash reserves.
The statement added that the Qatar Central Bank will guarantee all exchange transactions for customers inside and outside Qatar without delay, noting that all banks and local exchange companies are committed to exchanging it as usual.
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