Doha 11th August 2013 :A whopping QR33bn has been transferred to destinations abroad through various exchange houses in Qatar during the first half of 2013, a local Arabic daily reported.
The report quoted financial market experts as saying that the Qatari forex market has seen annual growth rates of around 15-20%, which is considered one of the highest in the world. “In addition, this market is likely to become stronger and higher rates of growth are expected as 2022 World Cup approaches.”
Doha being a centre for different regional and international conferences, has pushed forward the growth of the currency market and revived the processes of buying and selling foreign currencies.
The exchange houses have adopted sophisticated and modern systems to process various transactions while recruiting more qualified staff to handle the increasing demand in a hassle-free manner, the report said.
Most of the customers have expressed their satisfaction at the services provided by the exchanges. These businesses are rapidly developing keeping pace with the economic development in Qatar.