Qatar Central Bank Circular No. 5/2020

Exchange Houses temporary shutdown

To: All Exchange Houses operating in Qatar

Within the government's efforts to combat the spread of COVID-19 virus, and QCB's decisions in implementing precautionary and necessary measures to maintain the safety of customers and employees, the following have been decided:

  1. All exchange houses and their branches operating in Qatar shall be temporarily shutdown as from 26-3-2020 until further notification.

  2. Plans to work remotely using electronic means should be implemented.

  3. Money transfer service on electronic platforms should be provided.

  4. Electronic services should be launched and communicated in different languages so as to reach all customers.

These instructions shall be effective as from the date of issuance.

Abdullah Bin Saud Al-Thani

The Governor