Saudi cbank bans dealing in Qatari currency: report

06/06/2017 Argaam

The Saudi Arabian Monetary Authority (SAMA), the central bank and insurance sector regulator, has ordered all banks operating in the Kingdom to stop accepting Qatari currency, Al-Eqtisadiah newspaper reported on Monday.

 

The regulatory guidelines were also issued on the sale of the Qatari riyal.

 

Meanwhile, bank transfers are still available, it was reported.

 

The decision came after Saudi Arabia, United Arab Emirates, Bahrain and Egypt cut off diplomatic and consular ties with Qatar on Monday over its alleged support for Islamist groups.

 

Yemen, Libya's eastern-based government, the Maldives, and Mauritius also severed diplomatic relations with the Gulf nation.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.