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Business / Finance

The Central Bank of Saudi Arabia has denied the information about ban transactions with Qatari Rial

MQL5: Blogs Traders 20.08.2017 at 14:01

Blogs traders and analyst of financial markets

The Central Bank of Saudi Arabia stated that the transactions Qatari Rial did not fall under the ban, despite the diplomatic crisis.

As reported by Reuters, Qatari citizens can without any restrictions to exchange the Rial through the exchange offices, banks or ATMs.

it was reported Earlier that the Central Bank of Saudi Arabia informally recommended that financial institutions limit exchange transactions with credit institutions from Qatar.

on 5 June a number of Arab countries — Bahrain, Saudi Arabia, UAE, Egypt, Yemen, Libya and the Maldives, later joined by Mauritania and Comoros — have announced the severance of diplomatic relations with Qatar. Their decision was explained by the fact that Qatar supports terrorism and extremist ideology.