Arab banks halt transactions in Qatari reals in deepening Gulf crisis
DEBKAfile was founded by a team of journalists in June 2000 as an independent Internet Web site, providing an intelligence and security news service. June 5, 2017, 9:17 PM (IDT)
After Saudi Arabia, Egypt, Bahrain, the UAE and Yemen broke off ties with Qatar early Monday, Saudi and Egyptian banks announced they are discontinuing trading in the Qatari real. This a major blow for the Qatari economy. DEBKAfile: Around 2 million foreigners from Muslim countries work in Qatar and most are paid in local currency which they use for sending money home.
Our unique angle on these subjects – and strong intelligence dimension – has earned DEBKAfile a global reputation and a steady readership – which skyrockets in times of crisis.
Source: http://www.debka.com/newsupdate/20749/Arab-banks-halt-transactions-in-Qatari-reals-in-deepening-Gulf-crisis
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