The decline in remittances contributed to the “moderation in sales and purchases” of foreign currencies by exchange houses in the country, the Qatar Central Bank (QCB) has said in a report.

The Ministry of Commerce and Industry (MoCI) has confirmed the incorrectness of what has been circulating on social media regarding overcrowding and lack of social distancing in front of money exchange houses.

Total assets at Qatar’s exchange houses stood at QR1.9bn at the end of 2018, Qatar Central Bank data has shown.

Exchange houses in Qatar have recorded a year-on-year growth in remittance outflows, ending 2017 on a “positive note,” according to industry sources.

Exchange houses in Qatar will be observing varied operating hours during Eid al-Adha, it is learnt.

Exchange houses in Qatar have assured ample supply of major currencies as the country gears up for Eid al-Fitr, according to industry sources.

Exchange houses in Doha recorded on Monday a spike in outward remittances, and they are expecting “high transaction activities” to continue this week, according to industry sources.

Exchange houses in Qatar are expecting a surge in remittances in view of the expected appreciation in the value of the US dollar, industry sources have said.

Qatar Central Bank (QCB) has announced that Sunday, March 6 will be an official holiday for all banks and financial institutions under its supervision.

Exchange houses in Qatar are bracing for the effects of sliding oil prices and inflation, among other market factors, which are expected to be felt further in the first and second quarter of 2016 ...