Tuesday 19 December 2017

Qatar Central Bank Starts Probe Into Possible Riyal Manipulation - Bloomberg

Qatar Central Bank Starts Probe Into Possible Riyal Manipulation - Bloomberg:

"Qatar’s banking regulator started a legal investigation into the possible manipulation of its currency, securities and derivatives markets.


The central bank hired law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP to lead the probe, according to a statement posted its website. A number of financial institutions and individuals have been asked to preserve documents in advance of legal proceedings, it said.

"We know blockading countries and their agents are attempting to manipulate and undermine our currency, securities and derivatives, as part of a coordinated strategy to damage Qatar’s economy,” Governor Sheikh Abdullah Bin Saoud Al-Thani said in the statement. “We will not stand by while our country is attacked in this manner.”"



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