Qatar’s exchange rate stability is expected to be maintained and price stability regained in 2022-2023, according to global trade credit insurance firm Allianz Trade. “We expect the peg (3.64 to the USD) to hold as the Qatar Central Bank has large foreign exchange (FX) reserves to support the currency. The currency peg has ensured relative price stability since 2010,” Allianz Trade said in its country report. In 2021, however, headline consumer price inflation rose to over 6% year-on-year (y-o-y) at the end of the year owing to base effects (deflation a year earlier), higher energy prices and global supply-chain disruptions. “We expect these effects to be transitory and inflation to gradu
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