Qatar’s official foreign exchange reserves have “returned close to the pre-blockade level” while the overall liquidity in the financial sector has stabilised ...
The Qatar Central Bank’s (QCB) foreign exchange reserves scaled up to $49.4bn in January from $49.3bn in December last year, a new report by QNB has shown.
The Qatar Central Bank’s foreign exchange reserves topped $47.4bn in October, a 2% increase month-on-month, a new report by QNB has shown. This, QNB said, equates to 8.5 months of import cover.
Month-on-month there was an almost 15% to 20% increase in remittance volume this August, a manager said.
The Turkish economy is not in a crisis or going bankrupt and the fluctuations in the foreign exchange rate are the 'missiles' of an economic war waged against Turkey, President Tayyip Erdogan said on Saturday.
Qatar’s exports grew 27.3% year-on-year in April and imports grew 3.1% y-o-y.
The report showed Qatar’s current account surplus widened to 5.3% of GDP in the third quarter (Q3) from 2.5% in the second quarter (Q2) while the deficit in the financial account narrowed.
The buying interest of foreign institutions and individuals on Monday steered the Qatar Stock Exchange to surpass the 7,900 level with ease.
Qatar, which can easily defend its foreign exchange peg with the greenback, has the ability to inject dollar liquidity in order to narrow the gap between the onshore and offshore currency rates, according to BMI, a Fitch company.
The Indian owner of a Dubai-based foreign exchange trading firm who had promised to double investors' money has been arrested in the emirate for suspected fraud, a newspaper reported on Tuesday.
President Tayyip Erdogan called on Turks to convert their foreign exchange into gold or the Turkish lira and said there was "no option" other than cutting interest rates to spur growth.