Doha: Deposit rates at the opening, as issued on Sunday by Qatar National Bank (QNB), show a range of interest rates for various currencies over different time periods. According to Qatar News Agency, the rates for the US Dollar (USD) start at 3.89869% for a one-month deposit and increase to 4.46092% for a twelve-month deposit. The Japanese Yen (JPY) rates begin at 1.05000% for a one-month term, reaching 1.68000% for a twelve-month period.
For the Swiss Franc (CHF), the rates start in negative territory at -0.16000% for a one-month deposit and move to a positive 0.30000% for a twelve-month term. The British Pound (GBP) rates are listed at 3.78000% for one month, rising to 4.75000% for twelve months.
In the Middle Eastern currencies, the Qatari Riyal (QAR) begins at 4.05000% for a one-month deposit, slightly decreasing to 3.92500% for a twelve-month term. The Saudi Riyal (SAR) rates start at 4.45000% for a one-month period and increase to 4.85000% for twelve months. The United Arab Emirates Dirham (AED) shows rates starting at 2.05000% for one month and increasing to 3.15000% for twelve months. Meanwhile, the Bahraini Dinar (BHD) maintains a steady rate of 4.85000% for a one-month deposit, increasing to 5.10000% for a twelve-month deposit.