Qatar: Maintaining Dollar Peg Involves Challenges

Published on Monday, 18 Jun 09:26 am

Qatar’s Central Bank (CB) has broken ranks with other monetary authorities in the Gulf to express its first public concern about the longstanding policy of linking its currency to the dollar (Dow Jones). While reaffirming that the CB intends to maintain the Qatari riyal ‘s peg to the dollar, Qatar CB governor 'Abd Allah Saud Al Thani departed from his previous outright endorsement of the peg by highlighting some of the problems it has caused for Qatari policy-makers.

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