Qatar has taken many initiatives in financial inclusion and literacy by launching a national level strategy. The Qatar National Financial Inclusion and Financial Literacy Strategy is in the fourth phase of development, the Qatar Central Bank said its latest Financial Stability Review.
Qatar Central Bank has developed a cyber-security strategy for the financial sector in the country through encrypting the databases and updating the servers of the national payment gateway and associated security standards.
Qatar’s secure electronic network payment system handled a whopping QR3.9tn in 2017 and registered growth both in terms of value and volume compared to the previous year, according to Qatar Central Bank.
Qatar’s exports grew 27.3% year-on-year in April and imports grew 3.1% y-o-y.
Nepal’s ambassador Professor Ramesh Prasad Koirala recently held a meeting with HE the Governor of Qatar Central Bank (QCB) Sheikh Abdulla bin Saoud al-Thani at the latter’s office.
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.
Qatar Central Bank's international reserves and foreign currency liquidity rose slightly in December, official data showed.
The Qatar Central Bank (QCB) is encouraging financial institutions to provide financial products and services without minimum balance or charges as part of greater national financial inclusion.