Reserve Bank denies restricting exchange of Qatari riyals

Mumbai: The Reserve Bank of India today said it has not issued any instructions restricting the exchange of Qatari riyals in the country.

Representational image. Reuters

Representational image. Reuters

The central bank came up with the clarification amid reports that certain authorised dealers/persons are not undertaking the sale or purchase of the Qatari currency.

"It is clarified that the Reserve Bank has not issued any instructions restricting the exchange of Qatari Riyals in India," RBI said in a notification.

Under the Foreign Exchange Management Act, Reserve Bank authorises persons to deal in foreign exchange as authorised dealers.

Several countries including Saudi Arabia, the UAE, Bahrain, Egypt, among others, cut ties to Qatar this month over allegations that the Persian Gulf country funds terrorism.


Updated Date: Jun 23, 2017 17:27 PM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See