Qatar backs lenders as regional war threatens stability
Qatar has introduced a slew of measures to underpin its banking sector, as the war in Iran continues to stall industries, erode investor confidence and dent customer demand.
Qatar Central Bank (QCB) will offer unlimited repurchase facilities in Qatari riyal denominations against securities held by lenders. The Central Bank will also introduce a term repo facility with three-month maturities, complementing its existing overnight repo facility.
The new term repo facility will enable banks to manage cash flow with greater certainty during the current period, the central bank said in a statement Sunday.
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