Qatar probing currency manipulation bid by UAE - The Peninsula Qatar:
"Director of the Government Communications Office H E Sheikh Saif bin Ahmed bin Saif Al Thani (pictured) announced yesterday that Qatar opened an investigation into an alleged attempt to manipulate its currency during the early weeks of a Gulf political crisis now in its sixth month.
Sheikh Saif bin Ahmed told French news agency AFP that an unnamed global financial institution, partly owned by United Arab Emirates investors, had been instructed to stop trading Qatari riyals across Europe and Asia. The Director said that if the act of financial warfare was proven to be true, it would be a disgrace and danger not only to Qatar’s economy but the global one as well.
Sheikh Saif bin Ahmed said that one of the financial institutions stopped trading in riyals for a few days and it was only after Qatar reached out to them that they resumed trading. Sheikh Saif bin Ahmed added that Qatar’s intelligence agencies were carrying out an investigation and have engaged with law enforcement officials in the relevant jurisdictions. The Qatari government through its various entities, including the central bank, is working on confirming and identifying these reports."
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