Qatar's currency manipulation probe could curb offshore FX trade, risk Gulf backlash

Qatar's currency manipulation probe could curb offshore FX trade, risk Gulf backlash:

"Qatar’s investigation into alleged manipulation of its currency could give it more control over exchange rates but make some international banks more wary of doing business with Doha. The probe may also risk prompting Qatar’s diplomatic enemies to impose more economic sanctions on it, if their banks are targeted in the investigation. “The risk is if the other Gulf countries, say Saudi and the UAE, react to this campaign by Qatar against currency manipulation by imposing fresh sanctions on Qatar,” said Jason Tuvey, an economist at Capital Economics in London."



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