Qatar National Bank Releases New Deposit Rates Across Multiple Currencies

Doha: Deposit rates at opening as issued on Thursday by Qatar National Bank (QNB) are now available for various currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD. These rates provide insight into the current financial landscape in Qatar and are crucial for investors and stakeholders in the banking sector.

According to Qatar News Agency, the deposit rates for USD are set at 3.67240 for 1 month, 3.66027 for 2 months, 3.64814 for 3 months, 3.58324 for 6 months, and 3.43428 for 12 months. For JPY, the rates are 0.60000 for 1 month, 0.49000 for 2 months, 0.53000 for 3 months, 0.70000 for 6 months, and 0.85000 for 12 months. The CHF rates are noted as -0.18000 for 1 month, -0.13000 for 2 months, -0.20000 for 3 months, -0.01000 for 6 months, and -0.15000 for 12 months. For GBP, the rates stand at 3.82000 for 1 month, 3.72000 for 2 months, 3.94000 for 3 months, 3.79000 for 6 months, and 3.97000 for 12 months.

In the context of Middle Eastern currencies, QNB has set the deposit rates for the QAR at 4.07500 for 1 month, 4.02500 for 2 months, 3.97000 for 3 months, 3.90000 for 6 months, and 3.75000 for 12 months. The SAR rates are reported as 4.50000 for 1 month, 4.30000 for 2 months, 4.40000 for 3 months, 4.30000 for 6 months, and 4.30000 for 12 months. For AED, the rates are 2.05000 for 1 month, 2.15000 for 2 months, 2.40000 for 3 months, 2.85000 for 6 months, and 3.15000 for 12 months. Lastly, the BHD rates are 4.50000 for 1 month, 4.40000 for 2 months, 4.40000 for 3 months, 4.20000 for 6 months, and 4.10000 for 12 months.

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