Doha – Mubasher: Qatar Central Bank (QCB) on Tuesday announced that it guaranteed to enable all investors on the Qatar Stock Exchange (QSE) to convert their funds from the Qatari Riyal to other currencies at the official rates.
The QCB pledged to provide foreign currencies at the official exchange rates to stock investors if MSCI Incorporation continues to use the rates approved in Qatar to calculate its gauge, according to an official statement.
“This guarantee should address any concern the MSCI investors might have on their capacity to freely trade the Qatari riyal at official onshore rates,” the QCB said in a statement to the QSE.
This guarantee represents a response to MSCI’s announcement with regard to consultation with investors to use the offshore currency exchange rates instead of the Qatari official rates.
