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Wednesday, 28 June 2017

Qatar riyal trading falls dramatically amid GCC dispute, say traders | The National

Qatar riyal trading falls dramatically amid GCC dispute, say traders | The National:

"Trading in Qatar’s riyal in the UAE has dropped significantly since the GCC dispute erupted earlier this month, according to foreign exchange dealers. While most of the big exchange houses in the UAE continue to have the capacity to deal in the Qatari riyal some of the smaller companies have stopped as the volumes traded do not make it worth their while, a source said. "The flow has gone down substantially," said an executive at a UAE foreign exchange house who did not want to be named. "We expect trade in the Qatari riyal to remain subdued.""



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