Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) have been announced for various international currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.
According to Qatar News Agency, the rates for USD deposits range from 4.33812% for a 1-month term to 3.97784% for a 12-month term. The Japanese Yen (JPY) rates begin at 0.35000% for 1 month and increase to 0.55000% for a 12-month period. Swiss Franc (CHF) deposit rates start at -0.19000% for a 1-month term and rise to 0.03000% for a 12-month term. For the British Pound (GBP), rates begin at 4.11000% for a 1-month deposit and adjust to 4.18000% for a 12-month deposit.
In terms of regional currencies, the Qatari Riyal (QAR) deposit rates are set at 4.85000% for a 1-month term, tapering to 4.50000% for 12 months. The Saudi Riyal (SAR) rates start at 4.90000% for 1 month, decreasing slightly to 5.05000% for a 12-month term. The United Arab Emirates Dirham (AED) rates range from 2.05000% for a 1-month term to 3.15000% over 12 months. Lastly, the Bahraini Dinar (BHD) rates open at 5.25000% for a 1-month term and adjust to 4.85000% for a 12-month deposit.