Arab Today, arab today qatar’s central bank governor ‘optimistic on us debt solution’
Last Updated : GMT 04:18:56
Arab Today, arab today
Arab Today, arab today

Qatar’s central bank governor ‘optimistic on US debt solution’

Arab Today, arab today

Arab Today, arab today Qatar’s central bank governor ‘optimistic on US debt solution’

Dubai - Arabstoday

Qatar Central Bank Governor HE Sheikh Abdullah bin Saud al-Thani is optimistic that a solution to the US debt crisis can be agreed within a week, he was quoted as saying yesterday. Qatar and other Gulf Arab states are major holders of US Treasuries and Sheikh Abdullah was quoted by Doha-based Arabic newspaper as saying Washington would be able to find a solution to the financial dilemma within the next seven days. The US edged closer to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt ceiling, one week before an August. 2 deadline to act. If no agreement regarding the debt ceiling is reached by the deadline, it will have negative fallout on the global economy but Qatar will be shielded from these repercussions, Sheikh Abdullah told the paper. The Qatari economy is resilient and immune to crises and it’s the world’s fastest growing economy, he said, according to the daily. He added that the country’s economy was expected to grow 18% this year according to the International Monetary Fund. Other central bank officials in Saudi Arabia, the United Arab Emirates and Kuwait were not immediately available for comment on their views on the US debt crisis. Bahrain’s central bank declined to comment. An official at Oman’s central bank said in June the bank had started to actively discuss a potential US debt default and feared such a move would, at least briefly, de-stabilise Gulf Arab foreign asset reserves. Opec member Qatar held foreign reserves worth QR70.5bn ($19.4bn) at the end of May, down 13.7% from QR79.4bn at the end of April, latest central bank data showed. Gulf states mostly peg their currencies to the US dollar and their main source of revenue, oil, is priced in dollars but they do not usually disclose the composition of their foreign currency reserves. “I would assume there would be no major shift in reserves in the Gulf at this time,” said Giyas Gokkent, chief economist at the National Bank of Abu Dhabi. “It simply cannot be the case that suddenly central banks start switching and move to other currencies as reserves. The question is, even if you want to switch, what do you switch to?” The newspaper also quoted Sheikh Abdullah as saying that inflation in Qatar was under control. Annual inflation edged up to 1.7% in May. Analysts polled by Reuters in June forecast inflation in the world’s top liquefied natural gas exporter would reach 3.2% this year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar’s central bank governor ‘optimistic on us debt solution’ Arab Today, arab today qatar’s central bank governor ‘optimistic on us debt solution’

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday