riyal

Qatar Riyal FX Market in Chaos But Bankers Believe Peg Still Solid

DUBAI/ABU DHABI, June 28 – Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid. The riyal has been increasingly volatile in the spot market

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