qatar central bank Archives

2 min

Qatar companies, consumers welcome introduction of ‘Buy Now, Pay Later’ scheme

Buy now, pay later (BNPL) operates as a form of instalment loan, breaking down a purchase into several equal payments. Companies and consumers say the introduction of the new ‘Buy…

3 min

All you need to know about Qatar Central Bank’s new mortgage regulations

The changes are applicable to Qatari banks and subsidiaries located in the country. The Qatar Central Bank (QCB) has revealed a series of amendments to its real estate financing, or…

2 min

Foreign reserves in Qatar’s Central Bank see 11.8% increase in March

According to data released by the Qatar Central Bank, by the end of March 2023 foreign bank balances increased by an estimated 12.169 billion QAR. The Qatar Central Bank’s currency…

2 min

Qatar Central Bank launches country’s first national prepaid card ‘Himyan’

A national prepaid card is a payment card that is issued by a government or a government-backed organisation and can be used for various transactions. Qatar Central Bank (QCB) has…

2 min

Qatar Central Bank among largest global buyers of gold

Gold is still regarded as the most reliable safe asset during times of unrest or uncertainty, despite the emergence of cryptocurrencies like bitcoin. Central banks from around the world have…

2 min

Qatar and other central banks in GCC raise interest rates

Qatar’s inflation rate has risen sharply in recent years, owing to the challenges posed by the ongoing global Covid-19 pandemic. The Central Bank of Qatar (QCB) said that its deposit and…

1 min

When is the last date to exchange your old Qatari banknotes?

Reminder: Make sure to exchange the 4th edition of Qatari banknotes before December 31. Banks in Qatar issued a reminder on Tuesday calling on everyone to change old Qatari banknotes…

2 min

Business

Qatar’s central bank to gradually reduce Covid-19 economic support measures

Qatar Central Bank will begin the implementation of its reduction strategy for its support packages. Qatar’s Central Bank (QCB) said it will soon gradually start reducing financial support measures that…

1 min

Qatar Central Bank extends circulation of ‘old’ notes until July

Circulating old banknotes after the specified date is illegal, said QCB. Qatar Central Bank (QCB) announced on Wednesday an extension to the circulation of old banknotes. QCB said the circulation…

qatar central bank