An official source at Qatar Central Bank stressed the commitment by QCB to provide all requirements of foreign currencies at the official exchange rates for investors including local and foreign individuals and institutions.
This came after media reports said that index provider MSCI is considering a proposal to apply offshore rates of the Qatari Riyal instead of the official exchange rate in respect of financial transactions.
The source said that there are no restrictions on all banking transactions including transfers, stressing the free movement of money transfers into and outside the country at the official exchange rates, which the QCB announces on daily basis. The source also underscored that QCB has much more than the required foreign reserves to cover all investors' requirements.
The source added that QCB is coordinating regularly with all banks and financial institutions to follow up on banking operations and ensure the processing of all procedures and transactions as normal.
