Gulf Times - central-bank
QCB has adequate reserves to support riyal, says Sheikh Abdulla

QCB has adequate reserves to support riyal, says Sheikh Abdulla

The Qatar Central Bank (QCB) has adequate reserves to defend the Qatari riyal as its international reserves are twice the monetary base; indicating its ability to inject dollar liquidity.

Available reserves enough to defend riyal: QCB chief

Available reserves enough to defend riyal: QCB chief

The central bank governor was speaking during the final day of Euromoney 2017 and discussed some of the data related to the banking and financial sector in the State of Qatar.

Qatar central bank's international reserves, liquidity edge up

Qatar central bank's international reserves, liquidity edge up

International reserves and foreign currency liquidity stood at $45.8bn in May, before the diplomatic crisis erupted.

QCB permits expired Qatar ID holders a grace period for bank transactions

QCB permits expired Qatar ID holders a grace period for bank transactions

Residents with expired Qatar IDs can continue to transact business with financial institutions in Qatar for 90 days after the expiry date of their residence permits, according to a new policy issued recently by Qatar Central Bank.

Qatar 'has enough reserves to support banks despite siege'

Qatar 'has enough reserves to support banks despite siege'

Qatar, blockaded by three of its Gulf neighbours since June, is capable of supporting its banks with assets in the country’s vast sovereign wealth fund and foreign currency reserves, the central bank governor said.

Bank of Korea keeps key rate unchanged

Bank of Korea keeps key rate unchanged

South Korea's central bank kept its key interest rate unchanged at a record low yesterday, as expected, saying there was still "a considerable amount of uncertainty" despite affirming its confidence in an economic recovery.

Indian note ban: Nepalis could lose their savings

Indian note ban: Nepalis could lose their savings

Nepalis stand to lose millions of dollars held in high-value Indian bank notes that India banned last year and has yet to exchange, a Nepali central bank official said on Tuesday.

Oman central bank 'won't blindly follow Fed's rate decision'

Oman central bank 'won't blindly follow Fed's rate decision'

Oman's central bank won't automatically imitate last week's interest rate hike by the US Federal Reserve, central bank executive president Hamood Sangour al-Zadjali told Reuters on Sunday.

Venezuela to issue new notes as currency plunges

Venezuela to issue new notes as currency plunges

Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world's most inflationary currency, according to the central bank.

Pakistan 'war on terror' has cost $118bn: state bank

Pakistan 'war on terror' has cost $118bn: state bank

Pakistan's "war on terror" has cost the developing country a whopping $118bn so far, a new central bank report has said, an amount equivalent to well over one third of its gross domestic product.

Saudi c.bank orders rescheduling of austerity hit loans

Saudi c.bank orders rescheduling of austerity hit loans

Saudi Arabia's central bank said on Sunday it had given commercial banks instructions to reschedule consumer loans of customers hit by recently announced austerity measures.

Qatari banks' rising foreign liabilities not an 'immediate concern', says EIU

Qatari banks' rising foreign liabilities not an 'immediate concern', says EIU

Rapidly rising foreign liabilities of commercial banks in Qatar will not be an “immediate concern” as those can be “easily covered” by the sizeable assets held by the central bank (QCB) and the Qatar Investment Authority (sovereign wealth fund), shows a report by The Economist Intelligence Unit.