Qatari Riyal


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Qatari Riyal

The currency of Qatar. Since 1980, the riyal has been pegged to the U.S. dollar at a rate of 1 USD to 3.64 QAR. This exchange rate is important especially to energy deals as Qatar is rich in natural gas and, to a slightly lesser extent, oil. See also: Currency pair.
References in periodicals archive ?
This practice of not buying and selling in Qatari Riyals is being carried out in the country since three days.
Finally, Qatar has withdrawn 60 billion Qatari riyals ($16 billion) from its deposits and borrowed 10 billion riyals ($2.
A number of banks in the UK have stopped dealing in Qatari riyals.
Summary: Anyone with small amounts of Qatari riyals should hold onto it, advises leading exchange chief
Firstly the expected stability of the peg of Qatari riyal to the dollar prevents potential inflation in external debt value.
A manager of another exchange house said the historic weakness of British pound against Qatari riyal has also resulted in increased remittances to Britain and India.
The transaction is stated to be worth two billion five hundred forty four million Qatari Riyal (QR 2,544,000,000).
There was a conspiracy by the blockading countries to destabilise Qatari riyal which would have led to more capital outflow requiring the government to step in and support the currency to stabilise," he said.
The Qatari riyal continues to drop very sharply, falling in recent days to its lowest record in three decades reaching 77.
The Indian rupee is on course to maintain its downward trend against the dollar-pegged Qatari riyal and may plunge below the Rs20-mark by the end of this year, a new report has said.
pursuant to a share sale and purchase agreement entered into between Barwa Real Estate and Labregah on 22 June 2014 and disclosed to the Qatar Financial Markets Authority and the market on 23 June 2014, for a purchase price of Qatari Riyal nine billion, twenty million eight hundred seven thousand four hundred and nine (QAR 9,020,807,409), which will be subject to a customary price adjustment.
Annual profit of QIB's Certificates of Deposit in Qatari riyal is expected to be 3.