Exchange houses see ‘moderation’ in foreign currency sale and purchase on remittance fall: QCB

Exchange houses see ‘moderation’ in foreign currency sale and purchase on remittance fall: QCB

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.

Surge in remittance outflow seen after strong dollar

Surge in remittance outflow seen after strong dollar

Month-on-month there was an almost 15% to 20% increase in remittance volume this August, a manager said.

Nepal ambassador discusses workers' issue with QCB governor

Nepal ambassador discusses workers' issue with QCB governor

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.

Trust Exchange relocates branch in Asian Town

Trust Exchange relocates branch in Asian Town

Trust Exchange Company, a leading money exchange and remittance company in Qatar, has relocated its Asian Village branch to a more spacious location within Plaza Mall in Asian Town.

Indian remittances up 15% since black money crackdown

Indian remittances up 15% since black money crackdown

Remittance outflows from Indian expatriates in Qatar are believed to have gone up by 15% since the government crackdown on black money and counterfeit bills, industry sources have said.

Remittances from Qatar growing, says Xpress Money

Remittances from Qatar growing, says Xpress Money

Low oil prices have dampened remittances from the Gulf Cooperation Council (GCC) but Qatar has defied the trend with a 22% month-on-month growth in September this year and it is the best performing GCC country for Xpress Money, a global money transfer service provider.

Remittance flow from Qatar, GCC expected to be steady

Remittance flow from Qatar, GCC expected to be steady

Major infrastructure projects such as those in preparation for the 2022 FIFA World Cup and the Expo 2020 in the UAE can help steady remittance flow from Qatar and other GCC countries, a senior officer of the UAE Exchange Group said.

Remittances from Qatar up 20% this Eid

Remittances from Qatar up 20% this Eid

Aside from the Eid al-Adha holiday, growth in the country’s population would help sustain the upward trend of remittance outflow from Qatar this September, according to an industry executive.