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Qatar Central Bank |
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Qatar Central Bank
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Established
in August 1993, the Qatar Central Bank (Arabic: مصرف قطر المركزي, QCB) has inherited the Qatar
Monetary Agency (QMA) monetary strategy of targeting the exchange rate. The
Qatar Central Bank was originally the QMA (and was know before that as Qatar
Dubai Currency Board), founded on 1973. |
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Like a
Central Bank in any developing country, Qatar Central Bank performs both the
traditional and developmental functions to achieve economic goals. In its
contribution towards a healthy economy, the Qatar Central Bank has two core
purposes:
1. Monetary Stability
Monetary stability means stable prices and confidence in the currency, which
the QCB seeks to meet through using the monetary policy tools.
2. Financial Stability
Financial stability engages with detection and reduction of threats to the
financial system. |
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QCB
monitoring system detects these threats, which may be reduced by improving
the infrastructure and conducting financial and other operations comprise,
for instance and in exceptional cases, acting as lender of last resort.
The objectives of QCB include:
 Stability
of the QR exchange rate and its free convertibility to other currencies;
Stability of domestic
price levels;
Financial stability; and
Other
macroeconomic objectives without interfering with the above objectives.
In achieving the objectives above, QCB commits itself to providing effective
support functions through a sound banking and financial control system,
appropriate information system and the development of competent and
qualified staff. |
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Qatar Central Bank |
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HQ
Address: |
Corniche
Doha
Qatar |
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Tel: |
+974 4445 6456 |
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Swift Code: |
QMAGQAQA |
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Website: |
www.qcb.gov.qa |
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Email: |
webmaster@qcb.gov.qa |
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Currency: |
Qatari
Riyal |
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Banking Hours: |
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Sunday - Thursday : 7:30am -
1.00pm |
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