discuss How independent the Monetary policy of Qatar? in detail please

Expert Solution

Monetary policy in Qatar is very well regulated. Regulations are listed in special directions from OCB to banks.

(QCB) qatar central bank said that Qatar could adopt a monetary policy more independent of the United States if that proves major and important combat economic sanctions.

Objective of Qatar monetary policy

* • Direct monetary policy and banking credit in order to realise the objectives of state economic policies

* Function as a banker for the government

* Issue the currency

(Monetary policy instrument)

* Exchange rate policy- The riyal has been fixed af 3.64 to the US dollar since June 1980. This de facto peg was formalised in July 2001.

*nterest rate policy- QCB imposed limits on deposit and loan rates by applying a base rate structure.

Credit policy

* banks are not allowed to lend more than 20% of the total value of a real estate

* lending limit to a single board member is set at 7% of capital base, with an aggregate of 35% for all board members

* lending limits for major shareholders are set at 5% of capital

Therefore, the purpose of the Monetary Policy of the Qatar Central Bank is that the Qatar riyal (QR) should be stable against the dollar.(USD).

Thankyou...

Rahul Sunny answered 1 year ago

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