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New Circular related to Coronavirus issued by the Qatar Central Bank

Updated: Mar 23

A new circular was issued today the 22nd of March 2020 by the Governor office at the Qatar Central Bank related to the current coronavirus crisis.

TSA&Partners has translated the major contents of this circular summarized as per the below:

The circular is mainly addressed to all banks operating in Qatar and it includes the following three points:

1- All banks shall postpone corporate loan re-payment schedules (including principals + interests) for six months for all the business owners that wish for that.

2- The Central bank shall offer 50 Billion Qatari Riyals to support banks’ cashflows and liquidity to cover these six months.

3- All banks shall be waiving all the interest rates and fees for POS systems and ATMs.

The 3 points above shall be considered take effect for the next 6 months starting from 16/03/2020

For any additional assistance or help, don't hesitate to contact our team at TSA&Partners. / +97433977761 /


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