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No setbacks for Qatar Central Bank

DOHA: Qatar’s Central Bank said banking transactions at home and abroad were continuing normally despite the diplomatic crisis which has seen several Gulf countries sever ties with the emirate.

In a statement released yesterday through the state-run Qatar News Agency, Central Bank governor Sheikh Abdullah bin Saud al-Thani dismissed concerns over liquidity levels.

“The banking and banking transactions and procedures in the State of Qatar continue to be normal, both at the level of local financial transactions and between the Qatari banking sector and foreign banks,” the statement read.

It added that the governor “stressed that the liquidity levels in the Qatari banking sector are good and meet all customer requirements”.

Rumours have circulated in Doha that some exchanges have been hit by a shortage of dollars. — AFP

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