Skip Navigation Link

For whom are you looking for services?


  • Student Visitor
  • Tourist Visitor
  • Business Owner Visitor


  • Parent Citizen
  • Business Owner Citizen
  • Employee Citizen


  • Parent Resident
  • Employee Resident
Now explore services 10x faster. Is this easy to understand?

Is this easy to understand?

Close Button
Business and FinanceReligion and Community

QCB Determines Transactions in which the Use of Cash above 50,000 Riyals is Prohibited

28 Jul, 2022 09:14 AMThe PeninsulaIntended Audience
Visitor: Business Owner
Citizen: Business Owner, Employee
Resident: Employee

News Details

Qatar Central Bank (QCB) has announced a ban on the use of cash in transactions that exceeds the value of fifty thousand riyals.

QCB explained in a tweet on its official Twitter account: This procedure is carried out based on the Council of Ministers' Decision No. (10) of 2022, which included a ban on the use of cash in the following transactions when their value exceed 50,000 riyals. The transactions include Selling, buying and renting real estate, and performing any actions on it. It also prohibited the sale, purchase and rental of vehicles of all types and their distinctive numbers.

Click on the news' source link to read the full story.

Other News You May Like