Qatar Capable of Supporting Banks Amid Boycott, Governor Says - Bloomberg:
"Qatar, the gas-rich nation boycotted by three of its Gulf neighbors since June, is capable of supporting its banks with assets in the emirate’s vast sovereign wealth fund and foreign currency reserves, the central bank governor said. Stress tests routinely conducted by the central bank show the strength and efficiency of Qatari banks in the face of the “arbitrary measures” imposed by boycotting countries, Governor Abdullah bin Saoud Al Thani said in statement on the regulator’s website on Wednesday. Qatar is being forced to spend heavily to support its banks and defend the currency’s peg to the U.S. dollar after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic and transport links on June 5, accusing Qatar of supporting Sunni Islamists and Iranian-backed militants. Qatar has repeatedly denied the charges."
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