Financial and Banking News


QMA Imposes Reserve Requirements 

The Qatar Monetary Agency (QMA) has for the first time imposed reserve requirements on the commercial banks operating in the country. As of 15 March, banks are to place interest-free deposits equivalent to 1.5% of QR savings and time deposits, 3% of QR sight or demand deposits, 3% of cash margins on L/Cs and guarantees, 3.5% on foreign currency time or savings deposits, and 4% on foreign currency sight or...