Qatar riyal stabilising in offshore market after c.bank pledge on dollar supply:
"Qatar’s riyal is stabilising in offshore trade, recovering from several weeks of increasing volatility, after the central bank pledged to ensure liquidity in the foreign exchange market, commercial bankers said on Sunday. Some currency traders said they believed the central bank had sold U.S. dollars offshore in significant amounts during recent days, but this could not be confirmed. Until late November, the riyal swung widely between its peg of 3.64 to the U.S. dollar, widely used onshore, and much weaker offshore rates. On Nov. 21, it traded as low as 3.8950 on the Reuters conversational dealing platform."
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