Qatar sovereign fund not liquidating assets to help banks, CEO says:
"Qatar’s sovereign wealth fund has not been liquidating foreign assets to support the Gulf state’s banking system since other Arab countries imposed an embargo on Qatar last June, according to the fund’s chief executive. The embargo caused heavy outflows of deposits from Qatari banks in the initial months, and central bank data shows government bodies protected the banks by depositing about $30 billion in them between June and December. Outflows have now essentially ceased, removing the need for a government support operation, but bankers said much or most of the emergency deposits in banks last year came from the QIA."
'via Blog this'
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