Qatar Central Bank

The Qatar Central Bank (Arabic: مصرف قطر المركزي‎‎) is the central bank of Qatar.

The Qatar Central Bank was originally the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded on May 13, 1973 after Dubai joined the United Arab Emirates[1] and disengaged itself from British monetary policy which the area had previously followed.[2] The Qatar Monetary Agency assumed the duties of a central bank. In 1973, Amiri Decree No. 24 authorized the issuance of the Qatari Riyal (QR).[3]

Over its history the Qatar Central Bank has increasingly worked in association with other, larger central banks to achieve a stable currency for the country, most recently and notably with the Monetary Authority of Singapore.[4]

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