No respite for Qatari assets after S&P downgrade

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Sources tell Reuters that Qatar’s central bank is asking for frequent updates on forex and deposit movements amid signs investment funds are pulling money out because of its diplomatic rift with other Gulf states. As Sara Hemrajani reports, the Qatari riyal has also fallen to an 11-year low, while S&P has downgraded its debt.

No respite for Qatari assets after S&P downgrade

Tags : Riyal, Riyalcentral bank, qatar, Saudi Arabia, Economy, uae, Diplomatic row, Gcc, central bank

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