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.
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 ...