Efforts to hurt Qatar's riyal may backfire on region, central banker says

Efforts to hurt Qatar's riyal may backfire on region, central banker says:

"Some Arab states are trying to destabilize Qatar’s riyal but efforts to drive down its value could backfire by hurting other dollar-linked currencies in the region, a Qatari central banker said. Khalid Alkhater, currently in Britain on leave from the central bank, was commenting on moves by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt to isolate Qatar. Doha’s rivals say it supports terrorism, which it denies. “It’s deliberate economic warfare, a strategy to cause fear or panic among the public and investors to destabilize the economy,” Alkhater told Reuters in a telephone interview, saying he was giving his personal views."



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