Governor of Qatar Central Bank (QCB) H E Sheikh Abdullah bin Saoud Al Thani affirmed that Qatar’s banking sector is functioning normally and without disruption to any domestic or international transactions.
In a statement, Sheikh Abdullah bin Saoud Al Thani stated that QCB is fully committed to the freedom to transfer money in and out of the country and that QCB has sufficient foreign currencies reserves to meet all requirements. The QCB Governor affirmed that liquidity in Qatar’s banking sector remains strong and meets all customer requirements, noting that Qatari banks have an extensive international presence that includes key financial centers in Asia and Europe, giving them additional flexibility and capacity to carry out all banking transactions whether domestic or international.
Sheikh Abdullah bin Saoud Al Thani said that QCB has a range of monetary and financial tools that are adequate and capable of ensuring that the banking sector in the State continues to function normally without disruption.