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Foreign deposits in Qatar’s banks fell the most in two years

Published: Updated:

Non-resident deposits with the 18 lenders in Qatar dropped 7.6 percent to $47 billion (170.6 billion riyals) in June from a month earlier, according to its central bank.

The bank released the data on Wednesday showing that foreign deposits at Qatar’s banks fell the most in almost two years, after customers withdrew funds.

In addition, Bloomberg said that contracts used to speculate on the country’s exchange rate in the next 12 months jumped the most in a month on a closing basis. Qatari riyal forwards climbed as much as 57.5 points to 407.5 on Wednesday, according to rates compiled by the agency.