Qatari riyal’s peg to dollar will hold as the Qatar Central Bank has large foreign exchange (FX) reserves to support the currency, Allianz Trade said in its country report.
Allianz Trade expects Qatar’s exchange rate stability to be maintained and price stability to be regained in 2022-2023. The Qatari riyal (QAR) is pegged at 3.64 to the dollar.
According to Allianz Trade, the currency peg has ensured relative price stability since…
