Inline with todays reports of the US lower interest rates Qatar’s Central Bank Governer has talked to the press regarding the heavy speculation on the Qatari Riyal.
“We are fixed against the dollar since 2001 and we will stick to this policy… We are sticking to the policy of no revaluation and sticking to the policy of no change against the dollar… In Qatar, there are a lot of things to fight inflation but the issue of inflation is about government expenditure in all countries, and also the growth which is happening in the GCC”
- Sheikh Abdullah bin Saud al-Thani, Qatari Central Bank Governor
When asked about how Qatar might react to a probable cut in U.S. interest rates on Tuesday, he said:
“At that time, we will look at the liquidity in the market and look at the state of the Qatari economy, and make the decision.”
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