blueskyline Posted June 7, 2017 Report Share Posted June 7, 2017 http://www.zerohedge.com/news/2017-06-07/qatari-riyal-crashes-after-saudi-orders-banks-cut-exposure......... Qatari Riyal Crashes After Saudi Orders Banks To Cut Exposure by Tyler Durden Jun 7, 2017 11:23 AM 12 SHARES TwitterFacebookReddit The Qatari Riyal plunged to record lows (and forward FX markets indicate the peg is doomed) as Bloomberg reports Saudi Arabia’s central bank has ordered lenders in the country not to increase their exposure to any Qatari clients amid the worst crisis in relations among the Gulf Arab monarchies in decades, according to people familiar with the matter. The Saudi Arabian Monetary Agency also told banks licensed in the country that they should not process any payments denominated in Qatari riyals, the people said, asking not to be identified because the information is private. The order to refrain from increasing exposure to Qatar is being applied to include treasury investments, loans, letters of credit and trade-finance facilities, the people said. Saudi Arabia is among countries including the United Arab Emirates, Egypt and Bahrain, that have blocked transport routes with Qatar, accusing the country ofdestabilizing the region through supporting proxies of Shiite Muslim Iran and the Sunni militants of al-Qaeda and Islamic State. Some banks in Saudi Arabia, the U.A.E. and Bahrain have already begun cutting their exposure to Qatar, other people said on Wednesday. 1 Quote Link to comment Share on other sites More sharing options...
pokerplayer Posted June 7, 2017 Report Share Posted June 7, 2017 This little piggy went to market .................... pp Quote Link to comment Share on other sites More sharing options...
jmartin1145 Posted July 13, 2017 Report Share Posted July 13, 2017 You watch. This idiot will invest. Quote Link to comment Share on other sites More sharing options...
sandfly Posted July 13, 2017 Report Share Posted July 13, 2017 Me too Quote Link to comment Share on other sites More sharing options...
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