Qatari banks to submit forex trade details daily

Qatari banks to submit forex trade details daily
Cars drive past the Qatar Central Bank in Doha.

Qatar's central bank has asked commercial banks to provide it with detailed, frequent information on their foreign exchange trading, deposit withdrawals and money transfers, banking sources told Reuters on Thursday.

The sources said banks were asked to provide information on their foreign exchange trading every day, a daily statement of withdrawals and transfers from deposits worth at least 10 million Saudi riyals ($2.7 million), and daily information on cash withdrawals and deposits, the sources said.

Previously, banks were generally required to provide such information monthly, they said.

The Qatari central bank also asked banks to supply on a weekly basis a breakdown of their customer deposits by maturity and type from GCC countries, Egypt and other countries, the sources said. - Reuters




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