Friday, 30 June 2017

Qatari riyals no longer available at many UK banks

A number of UK High Street banks have stopped trading in Qatari riyals.

Individual customers at Barclays, RBS, Lloyds Banking Group and Tesco Bank cannot currently buy or sell riyals.

Qatar is isolated by its neighbours, who accuse it of backing terrorism.

Its central bank says it will guarantee all transactions for customers inside and outside the country. It also told the Reuters news agency that all banks and foreign exchange companies are committed to trading riyals as usual.

In early June, Qatar's Gulf neighbours Saudi Arabia, UAE, Bahrain and Egypt ceased air, sea and land links with the country, which has been accused of funding terrorism. Qatar denies the claim.
The cutting of diplomatic ties by Qatar's neighbours has prompted wide fluctuations in the value of the country's currency.

SKY     News.

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