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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
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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.

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