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Topic: Qatari riyal

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In the News (Thu 18 Jul 19)

  MENAFN - Middle East North Africa . Financial Network News: Riyal lost 33.3pc against euro due to dollar peg in 2003: ...
DOHA: For the Qatari riyal (QR), 2003 was a bad year as it took an unprecedented beating against major world currencies due to a tumbling dollar to which it is officially pegged.
The year 2000 was a year of major gain for the Qatari currency as it rallied by an impressive 13.5 per cent against the euro and 11 per cent against the Swiss Franc.
The only currency the riyal lost to in 2000 was the Japanese yen with the drop being 5.7 per cent, down from 14.9 per cent in 1999.
www.menafn.com /qn_news_story_s.asp?StoryId=55231   (467 words)

 Investment Climate
Even in the case of joint ventures between foreign and Qatari partners, agency/dealership agreements issued by foreign suppliers can be registered only in the name of the Qatari partner in the Commercial Registration Department of the Ministry of Finance, Economy and Commerce.
Qatari and GCC nationals and business concerns are exempted from the income tax provisions.
The Qatari Riyal has been pegged to the U.S. dollar at a rate of USD 1.00 equals QR 3.64 since June 1980 and has to date remained unchanged.
www.arabchamber.com /arab-countries/qatar/G/investment_climate.htm   (4085 words)

 TRADE GUIDE FOR QATAR @ MuslimTrade Network!
Qatari offices require the original and one copy, then the original will be returned to the shipper.
The value of Qatari Ryial is linked to the American dollar at a fixed rate of US$1= 3.6415 QR control since mid-1980.
The Qatari government is the largest purchaser of goods and services in the country.
www.muslimtrade.net /tradeguideline/qatar   (1162 words)

 Bankintroductions.com - QATAR
Shortly thereafter in May 1973, the Qatari riyal was introduced as new national currency then pegged to gold briefly followed by a peg to the IMF’s special drawing rights in 1975.
Prior to nationhood, the joint Qatar-Dubai riyal (QDR) was in circulation.Up until 1966, currencies that were pegged to the UK pound sterling circulated in Qatar such as the Indian rupee, followed by the Gulf rupee.
Also expect a revaluation of the riyal to a stronger valuation (that is to appreciate to a level of 2.5 to 3 QAR to the USD) in the months ahead and/or a new peg adjustment to the Euroland euro (EUR) or a basket of currencies.
www.bankintroductions.com /qatar.html   (522 words)

 Qatari riyal Information
The Qatari riyal (currency code QAR) is the official currency of Qatar.
The Saudi riyal was worth 1.065 rupees, whilst the Qatar and Dubai riyal was equal to the rupee prior to its devaluation.
Ratio: 1.065 Qatari and Dubai riyals = 1 Saudi riyal, or 1 Qatari and Dubai riyal = 1 pre-devalued Gulf rupee
www.bookrags.com /wiki/Qatari_riyal   (296 words)

 IPR - Qatar
A review of the performance of the non-oil sector and sub-sectors indicate that agriculture and fishing, electricity and water, building and construction, and communications have all increased their share of GDP while manufacturing industries and services have decreased their share.
Foreign business involvement in the Qatari market since the early 1960s consisted principally of providing a wide range of products, including automotive and spare parts, as well as oil field supplies.
Initially, trading will be confined to Qatari nationals, although GCC nationals and foreigners may be allowed to participate at a later date.
www.infoprod.co.il /article/23   (1395 words)

 QATAR: COUNTRY COMMERCIAL GUIDE - 1998   (Site not responding. Last check: 2007-11-03)
It is most likely, however, that only Qatari nationals will be allowed to own portions of the shares of those industries (with Government of Qatar's share 75 to 80 percent) in case of privatization.
With a total estimated population of 625,000 and Qataris constituting no more than one fourth of this number, the role of expatriates in different sectors of the economy is very important.
The Qatari Riyal has been pegged to the U.S. dollar at a rate of US$ 1.00 equals QR 3.64 since June 1980 and has to date remained unchanged.
www.mac.doc.gov /tcc/data/commerce_html/countries/Countries5/Qatar/CountryCommercial/1998/InvestmentClimate.html   (4631 words)

 Millennium Solutions | Location Guide - Qatar
The monetary unit of Qatar is the Qatari Riyal (QR), which is divided into 100 dirhams.
Coins are in denominations of 50, 25, 10, 5 and 1 dirhams; however, only the 50 and 25 coins are in wide circulation, minting of the rest ceased in the 1970s and smaller denominations are becoming ever-scarcer.
The Qatari Riyal is tied to the US Dollar.
www.millenniumsolutions.biz /mil/locguide/qatar.asp   (705 words)

 Qatar travel guide - Wikitravel
However, with such a mixed international population, English is the defacto language allowing the Qataris to communicate with the people who generally handle all of the menial jobs in their country, so it is widely spoken.
However, it doesn't seem to really affect the way people live for the most part, as it seems most Qataris are genuinely interested in keeping their country safe instead of letting it slide into mayhem and chaos to further political aims.
Qataris are extremely hospitable, and typically there are no strings attached.
wikitravel.org /en/Qatar   (2097 words)

 RATE-EXCHANGE.org - Qatar Currency / Qatar Riyal
Oil wealth has led to a welfare state, where free education, healthcare and subsidized housing and utilities are enjoyed by a majority of Qatari citizens.
The country is aggressively pursuing a policy of “Qatarization,” whereby Qatari nationals are being encouraged to pursue job opportunities that are typically held by foreigners.
The Qatari riyal is a fully convertible currency.
rate-exchange.org /currency/qatar-rial.cfm   (300 words)

 Currency - Alhannah
The monetary unit of Qatar is the Qatari riyal, abbreviated QAR or QR.
The paper bills come in denominations of 1, 5, 10, 50,100, and 500, and are different sizes and colors, with Arabic numerals printed on one side and English numerals printed on the other.
The Riyal is pegged to the dollar at the constant conversion rate $1=QR3.65, although if you're converting money at a bank you'll probably get a rate more like 3.64.
www.qatar.cmu.edu /alhannah/index.php/Riyals   (175 words)

 The Qatari banking sector
The Qatari banking sector comprises of a combination of national and foreign banks.
Once you have proof of your residence permit, all that is required is a letter from your employers or sponsor confirming that you are in their employ and stating your monthly salary in Qatar Riyals.
The strength of the Qatari Riyal is attributed to the strength the Qatari economy and the huge revenues of hard currency earned from the exports of oil, gas and heavy industries products, in addition to the stability of the banking system.
www.qatarembassy.net /banking.asp   (779 words)

 No Plans to Revalue the Riyal: SAMA
In Riyadh, Motasher Al-Morshed, financial analyst, said the speculation over readjustment of the riyal was set afloat in the context of the GCC move toward a unified currency.
Since some other Gulf currencies like the dirham and the Qatari riyal have different exchange rates vis-a-vis the dollar, speculation was rife that the Saudi riyal would have to be readjusted to bring it in line with other Gulf currencies.
Whenever the Haj nears, demand on the riyal surges mainly from banks in the Muslim world,” said the analyst, who asked not to be named.
www.arabnews.com /?page=6§ion=0&article=79769&d=25&m=10&y=2006   (1124 words)

 Convert Qatari Riyals (QAR) and Yemeni Rials (YER): Currency Exchange Rate Conversion Calculator
RSS Feed - The Yemeni Rials and Qatari Riyals exchange rate delivered to your personal home page.
The Qatari Riyal is also known as the Qatar Rial.
The Qatari Riyal is divided into 100 dirhams.
coinmill.com /QAR_YER.html   (395 words)

It became a British protectorate in 1916 and declared independence in 1971.
During the late 1980s and early 1990s, the Qatari economy was crippled by a continuous siphoning off of petroleum revenues by the amir who had ruled the country since 1972.
He was overthrown in a bloodless coup by his own son in 1995.
www.geocities.com /afgh_friends/q_countries.htm   (259 words)

 Exchange Rate Qatari Riyal - US Dollar, USD to QAR   (Site not responding. Last check: 2007-11-03)
This is the Qatari Riyal Exchange Rate Calculator and is used to find currency exchange rates for any amount, not just the Qatari Riyal.
Every attempt has been made to provide you with accurate Qatari Riyal exchange rates, however, you should verify the accuracy of this US Dollar exchange rate information if your want to be absolutely sure.
US Dollar to Qatari Riyal Exchange Rate is a free service.
www.iraqidinar.org /Exchange-Rate-QAR.htm   (192 words)

 QATAR: COUNTRY COMMERCIAL GUIDE - 1998   (Site not responding. Last check: 2007-11-03)
The Central Bank of Qatar was established by Law No. 15 of 1993 to handle functions previously administered by the Qatar Monetary Agency (QMA), which had been established in 1973.
Moreover, the Central Bank of Qatar regulates interest rates on Qatari Riyal funds, which are closely aligned to the U.S. dollar interest rates.
In addition to the usual insurance, foreign firms operating in Qatar are required to provide guarantees signed by their Qatari agents/sponsors to be able to have access to credit facilities from the local banks.
www.mac.doc.gov /tcc/data/commerce_html/countries/Countries5/Qatar/CountryCommercial/1998/TradeandProject.html   (827 words)

 The Peninsula On-line: Qatar's leading English Daily
DOHA • The Indian rupee has been falling over the past two to three days with its exchange rate against the Qatari riyal (QR) yesterday averaging 12.79, the lowest in months.
For expatriate Indians in Qatar, a falling rupee is good news since they get better exchange rate for each riyal they save, but the thinking has a basic flaw as a weakening home currency leads to rising costs back home.
Since the QR is pegged to the dollar, each time the rupee takes a beating against the greenback, it loses to the Qatari currency as well.
www.thepeninsulaqatar.com /Display_news.asp?section=Local_News&month=July2006&file=Local_News2006071931127.xml   (497 words)

 Qatari Riyal, QAR, Information on the Currency of Qatar
The Qatari riyal, denoted by QAR, is the official currency of Qatar.
Divided into 100 dirhams, the riyal is issued by the Qatar Central Bank.
Banknotes are denominated in 1, 5, 10, 50, 100, and 500 riyals, while coins are denominated in 25 and 50 dirhams.
www.gocurrency.com /countries/qatar.htm   (517 words)

 Pilot Guides.com: Arab Gulf States: Background and Travel Essentials
In most of these countries, the banking and money changing hours are Saturday to Wednesday from 8 am to noon and Thursday from 8 to 11am with banks shut on the holy day of Friday.
It is a hard currency and there are no restrictions in taking either riyals or foreign currency into the country.
The currency of Qatar is Qatari Riyal which is divided into 100 dirhams commonly kwon as halalas.
www.pilotguides.com /destination_guide/middle_east_and_north_africa/arab_gulf_states/background.php   (1881 words)

 QATARI BUSINESSMEN ASSOCIATION-ABOUT QBA   (Site not responding. Last check: 2007-11-03)
Qatar appears in fifth century A.D. writings as a seafaring community, and Qataris continued to look to the sea for their communications and livelihoods until the advent of oil.
Fourteen banks operate in Qatar, six of which are Qatari, two are non-Qatari Arab, and the remaining six are non-Arab foreign banks.
The gas is to be taken from Qatar's North Field and be transported by pipeline to Dubai and Abu Dhabi for distribution in Oman and Pakistan.
www.qataribusinessmen.org /Support/4-1.htm   (1507 words)

 Qatar Currency and Bank information - TravelPuppy.com
The Qatari Riyal is the official currency in Qatar.
Coins are in denominations of 50, 25, 10, 5 and 1 dirhams, however, only the 50 and 25 coins are in wide circulation, the rest ceased in the 1970's and smaller denominations are becoming less common.
The Qatari Riyal is tied to the United States Dollar.
travelpuppy.com /qatar/currency.htm   (277 words)

 American in Qatar sentenced to life in prison for spying - USATODAY.com   (Site not responding. Last check: 2007-11-03)
Downs remained in a Qatari prison pending appeal of his conviction.
A Qatari riyal is worth approximately 27 U.S. cents.
The paper said the American was arrested on August 26, 2005, in a sting operation set up by Qatari police after arranging to collect an envelope containing $1,000 near a lamp post in Doha.
www.usatoday.com /news/world/2007-02-13-qatar-engineer_x.htm?csp=34   (562 words)

 albawaba.com middle east news information::Qatar Petroleum OKs housing development projects
The budget allocated for this program amounts to 700 million Qatari Riyals ($192.2 million).
Works on the infrastructure of this project will start by the end of 2005, while the project is expected to be completely ready within two years.
This project includes construction of 568 housing units and its costs are estimated at 250 million Qatari Riyals ($68.6 million).
www.menareport.com /en/business/190572   (235 words)

 Calculator for Qatari Riyal (QAR) Currency Exchange Rate Conversion
Qatari Riyal (QAR) Currency Exchange Rate Conversion Calculator
Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
To show Qatari Riyal and just one other currency click on any other currency.
coinmill.com /QAR_calculator.html   (370 words)

 Welcome to MOFA web site
In the field of banking supervision, the Bank has issued hundreds of circulars instructing banks to observe certain operational standards in order for them to ensure the soundness of their private financial conditions.
The bank continued the policy of supporting the stability and exchange rate of the Qatari Riyal against the US Dollar at a fixed rate of QR3.640 per Dollar.
In July 2004, QNB raised the short-term interest rates in the Qatari monetary market by a quarter point per cent equivalent to 25 benchmark points on the deposits of the banks operating in Qatar held at QNB; and on overnight loans offered by QNB to these banks.
english.mofa.gov.qa /details.cfm?id=87   (304 words)

 Qatari Riyal - QAR real-time currency
The official currency of Qatar (Qatari Riyal) is pegged to the US dollar at approximately 3.64 QAR per dollar.
The Qatar and Dubai Currency Board introduced the Qatar-Dubai Riyal (XQDR) at par with the Saudi Riyal in September 1966.
The Qatar-Dubai Riyal remained the medium of exchange while Qatar was part of the Federation of Arab Emirates.
www.ameinfo.com /financial_markets/Qatar/Currency   (333 words)

 Gulf Times – Qatar’s top-selling English daily newspaper - First Page
The QCB revision in the interest rate is clearly a fallout of the changes announced in its rates by Federal Reserve on Wednesday.
The QCB interest rates are in line with the US Fed Reserve policies as the Qatari riyal is pegged to the US dollar (USD).
According to the QCB the formal framework for its exchange rate policy is a fixed parity between the Qatari riyal and the USD at QR3.64 per dollar.
www.gulf-times.com /site/topics/article.asp?cu_no=2&item_no=86110&version=1&template_id=57&parent_id=56   (948 words)

 Gulf Times – Qatar’s top-selling English daily newspaper - Qatar
Pharmacies contacted by Gulf Times on Thursday said that though the euro had been climbing against Qatari riyal since 2002, the Ministry of Public Health had allowed a revision in the drug prices only a few weeks ago.
In the Eurozone, Germany, Sweden and France are the major drug producing countries and their medicines have reasonable demand in pharmacies across Qatar.
“If euro continues to climb against the dollar and the Qatari riyal this may become the trend in Qatar and elsewhere in the Gulf,â€‌ he said.
www.gulf-times.com /site/topics/article.asp?cu_no=2&item_no=9088&version=1&template_id=36&parent_id=16   (745 words)

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