News of Bahrain
World2 July 20171 min read

Qatari riyal no more negotiable in London

London : A number of UK High Street banks have stopped trading in Qatari riyals. Individual customers at Barclays, RBS, Lloyds Banking Group and Tesco Bank cannot currently buy or sell Qatari riyals, according to the BBC News. In early June, Saudi Arabia, UAE, Bahrain and Egypt c

Editorial Team Legacy

Published 2 July 2017, 8:00 · Updated 21:29

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Qatari riyal no more negotiable in London

London : A number of UK High Street banks have stopped trading in Qatari riyals. Individual customers at Barclays, RBS, Lloyds Banking Group and Tesco Bank cannot currently buy or sell Qatari riyals, according to the BBC News.

In early June, Saudi Arabia, UAE, Bahrain and Egypt ceased air, sea and land links with the country accused of funding terrorism.

The cutting of diplomatic ties by Qatar's neighbours has prompted wide fluctuations in the value of its currency.

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