"Qatar may change its peg to the U.S. dollar when the economy becomes less dependent on hydrocarbons and local financial markets deepen, although no changes are currently being considered, its central bank chief said.
Asked by Reuters which economic conditions needed to be met for Qatar to consider changing its currency regime, Central Bank Governor Sheikh Abdullah bin Saud al-Thani said:
"With increasing integration in international trade, services, and asset markets, a higher degree of exchange rate flexibility may become more desirable to ensure external stability and international competitiveness of our exports."
'via Blog this'
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