66070
Qatari Riyal  at New Low
Qatari Riyal  at New Low

Qatari Riyal at New Low

Qatari Riyal at New Low

The Qatari riyal fell to a new one-year low against the dollar in futures market due to continued speculation in the currency markets regarding it, reported Alarabiya. There are also concerns over the long-term economic impact on Qatar after Saudi Arabia and the UAE severed relations. The central bank in Doha links the Qatari riyal at 3.64 riyals to the dollar and allows for limited volatility around this level. The Saudi Arabian Monetary Agency and the UAE central bank have instructed their banks not to deal with Qatari banks in Qatari riyals. This has come days after Moody’s decided to cut Qatar’s credit rating to AA3 from AA2, given the country’s weak external position and the uncertainty surrounding the sustainability of the growth model. Meanwhile, Qatar dismissed allegations of support for militancy on Friday after four Arab states (Saudi Arabia, Bahrain, Egypt and the UAE), which cut ties with Qatar this week, blacklisted as terrorists dozens of people.

 

Short URL : https://goo.gl/Ak3dO6
  1. https://goo.gl/GwKLPl
  • https://goo.gl/vaujAu
  • https://goo.gl/lhcEgf
  • https://goo.gl/7COe5D
  • https://goo.gl/S7RQSH

You can also read ...

The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...
Greek Current A/C Surplus Shrinks
Greece’s current account surplus shrank in June compared to...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus