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Qatar boosts liquidity to support war-hit economy

Measures include loan deferrals, unlimited repo facilities and cut in reserve requirement

middle-east

The Qatar Central Bank has unveiled a series of measures to support the country’s banking sector, amid fallout from conflict in the Middle East.

In a statement on March 29, the bank said the measures included permitting lenders to give borrowers the option to defer payments of principal and interest on loans for up to three months. The bank said it would offer an “unlimited amount of Qatari riyal repurchase facilities against eligible securities held by banks”, and introduce a term repo facility

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