"The Indian currency witnessed a record fall a few days ago and this has prompted many to take advantage of the high value of the Qatari riyal
," he said.
Regional players including Qatar's Ooredoo and the UAE's Etisalat have expanded their operations into Asia and Africa in recent years which has made them susceptible to foreign exchange volatility because both UAE dirham and Qatari riyal
are pegged to the US dollar.
The Qatari riyal
is begged to the US dollar since 1980.
"MyCLUB" not only offers members great savings, but also allows them to earn points for every Qatari riyal
spent on selected products at any Carrefour store.
First Abu Dhabi Bank (FAB) has issued a formal response to media reports that it had manipulated the Qatari riyal
Qatar claims NBAD Americas, the US subsidiary of First Abu Dhabi Bank (FAB), is engaging in "bogus" foreign exchange deals intended to undermine the Qatari riyal
and harm its economy, Al-Jazeera reported.
The banks and exchange houses are quoting Qatari riyal
below the peg, charging 3.94 Qatari riyals
to give a dollar as against 3.6416 earlier, which has been in place in 2001, making the transaction expensive by more than 8 per cent.
20 (BNA): The Saudi Arabian Monetary Agency (SAMA) has confirmed that it had not issued any instruction to financial and exchange institutions operating in the Kingdom calling for suspension of dealing in Qatari Riyal
since severing ties with Qatar on June 5.
as an 'undesired' currency As the crisis seemed to take more time after it entered its second month in July, UK's Lloyds Banking Group, Barclays, Royal Bank of Scotland, Thomas Exchange Global, Travelex, all reported to have halted dealing with Qatari riyal
for a short period of time.
While the Qatari riyal
has been officially pegged at $3.64 to the dollar since 2005, offers for the currency have fallen below the fixed rate due to a fall in demand.
London, Shawwal 6, 1438, Jun 30, 2017, SPA -- Several major British banks announced today that they have stopped trading the Qatari Riyal
, in their branches.
According to Reuters, the current exchange rate between US Dollars and Qatari Riyal
is at its lowest point since June 2016.