The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.79% to reach QR211.325bn in July compared to QR205.575bn in July 2021.
Qatar Central Bank (QCB) revealed that it settled more than 3,000 cheques worth QR80mn on the first day of extending the work of the Electronic Check Conversion (ECC).
The Qatar Central Bank (QCB) Saturday announced that more than 25,000 local transactions, worth more than QR230mn, were executed within the first 24 hours of the start of the money transfer service outside official working hours.
The Qatar Central Bank's (QCB) international reserves constituted 624% of the currency issued in November 2021, much higher than the mandated 100%, indicating the central bank's creditworthiness
The Qatar Central Bank has initiated a major project that aims a "world class payment infrastructure with state-of-art technology" as the demand for electronic payments is steadily growing and expected to "increase substantially" during the FIFA World Cup Qatar 2022.