Qatar: Limit Imposed on Cash Transactions

Qatar News developments

Qatar: Limit Imposed on Cash Transactions

Gulf Times, 26 July 2022: Qatar’s Central Bank has announced limits have been imposed on cash transactions.

The decision has been made in line with Qatar Cabinet Decision No. 10/2022, banning the use of cash in transactions exceeding 50,000 Riyals in value.

The Decision applies to the sale, purchase and rental of all properties or modifications. It also applies to all kinds of vehicles and their unique numbers, maritime transportation, all precious metals, gemstones and jewellery, single camels, horses, livestock and falcons, or flocks.

Also reported in Al-Sharq on 26 July 2022. For the full story, click here.

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Benjamin Filaferro