About QCB 

Qatar Central Bank (QCB) is the monetary authority in the country, as it is responsible for formulating the banking and monetary policy and regulating the financial sector in a way that maintains and enhances the stability of the national economy, as well as improving and developing the banking services provided for the businessmen and investors.

QCB manages financial reserves in a way that maintains the stability of the QR exchange rate against the US Dollar. It also ensures Qatari Riyal transferability into other currencies at any time.

 Moreover, it supports the banking and financial sector, stabilizes the prices of goods and services, and also encourages innovation in the provision of services, the start-up of business and the exercise of different financial activities.

On the other hand, QCB provides financial institutions with the licenses necessary for practicing financial services and activities, controls and supervises such services.

QCB Policies

Exchange Rate Policy

The policy of fixing the value of Qatari riyal against the US dollar at 3.64 riyals/dollar is one of the most important pillars of the bank's monetary policy. The commercial banks and exchange offices in Doha deal with the exchange rate set by QCB, with a small profit margin of 0.24%.

 As for other currencies, they deal at the exchange rates defined according to the exchange rate of QR against the dollar and the prices of these currencies against the dollar, based on the world markets.

Monetary Policy

QCB sets short-term interest rates among banks, in a way that maintains the stability of the parity rate between the QR and dollar.
 The bank adopts a short-term lending policy, in the place of the Repo rate, as the main indicator of monetary policy. The commercial banks’ current accounts in Qatar Central Bank are the main source of liquidity.

Investment Policy

Through this policy, QCB manages its reserves to maintain stability of the exchange rate of QR against the US dollar, and its transferability into other currencies at any time.

In addition, the Bank stabilizes the banking and financial system through investing its financial reserves in:

• Guaranteed Investment tools such as governmental bonds of major industrial countries.
• Banking deposits in banks and international financial institutions in main currencies.
• Investment in gold.
• Distributing the investment portfolio geographically with the aim of distributing risks.

For more details about Qatar Central Bank and the services it provides, please visit this link.