Saudi Arabia Denies Ban on Qatari Riyal Transactions as Haj Season Kicks Off

Published August 20th, 2017 - 09:32 GMT
No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)
No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)

The Saudi Arabian Monetary Agency (SAMA) has debunked reports circulating on social media suggesting that it has instructed local financial institutions to stop dealing in Qatari riyals.

The Saudi Press Agency (SPA) quoted SAMA as saying that it did not issue any instructions to financial and exchange institutions operating in the kingdom to suspend dealing in Qatari riyal.

"Qatari nationals can exchange Qatari riyals, as normal, in banks, licensed money exchanges, or via ATM machines," the agency noted, according to SPA.

 

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