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Saudi Arabia says it did not instruct banks to stop dealing in Qatari Riyals

Wam/Riyadh
Filed on August 20, 2017 | Last updated on August 20, 2017 at 12.51 pm
Saudi Arabia says it did not instruct banks to stop dealing in Qatari Riyals

(Reuters file photo)

Qatari nationals can exchange riyals in Saudi Arabia

The Saudi Arabian Monetary Agency on Saturday 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, reported the agency as saying it did not issue any instructions to financial and exchange institutions operating in the Kingdom, calling on them to suspend of dealing in Qatari Riyal since severing its relations with Qatar.

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



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