These currencies are losing value against the Qatari Riyal
Thanks to a strengthening US dollar to which Qatar's riyal (QR) is pegged, major world currencies have lost considerable value against it (QR) in the past two years.
Figures released by the Qatar Central Bank (QCB) show that euro, British pound, Swiss franc and the Japanese Yen have all depreciated against the riyal.
Euro was quoting at QR4.83 in January 2013 and in January of this year the exchange rate had come down to QR4.48.
The British pound was ruling at QR5.81 in January 2013 and was down to 5.55 two years later, in January 2015.
Similarly, the Swiss franc was available for QR3.93 in the local foreign exchange market in early 2013 and its rate was down slightly to QR3.86 by January of this year.
Hundred Japanese Yen were available for QR4.08 in January 2013 and they were now being sold for QR3.07.
GCC currencies remained fixed at QR0.97 (Saudi riyal), QR0.99 (UAE dirham), QR9.68 (Bahraini dinar), QR9.46 (Omani riyal) and QR12.37 (Kuwaiti dinar). [The Peninsula]
I don't really care how much Qataris or others earn. i only worry about about myself.
Qataris are also earning heavily ..only because of expats ..
It matters because most expats send money home. SO we are all looking for a good exchange rate
Correct.
The money that we received from our labor is the same money that we give in exchange of food, shelter, etc.
Well Said!
PEPOPLE COME HERE.. THEY WORK, THEY ARE PAID FOR THEIR LABOR..NOTHING IS FREE IN THIS WORLD...
MARKETS UP OR DOWN THAT IS DIFFRENT ISSUE....
This only shows drastic booming economy of Qatar despite thousands of expats in Qatar bringing out the country's money.