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Until 1966, Qatar used the Indian rupee as its currency, in the form of Gulf rupees. When India devalued the rupee in 1966, Qatar, along with the other states using the Gulf rupee, chose to introduce its own currency. [2] Before doing so, Qatar briefly adopted the Saudi riyal, then introduced the Qatar and Dubai riyal following the signing of ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Bahrain created the Bahraini dinar in 1965, at the rate of 1 dinar = 10 rupees. Qatar and most of the Trucial States (after 1971, United Arab Emirates) adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to its devaluation, effectively the Indian rupee value. Abu Dhabi used the Bahraini dinar until 1973.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [16] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
In August 2019, Qatar Central Bank stated that the country's economic growth will see a boost over the next two years amid expectations of stable oil prices and continued strong exports. The GDP is expected to grow at an average rate of 2.8% between 2018 and 2020, with the budget surplus falling to 4.35 billion riyals in 2019, from a surplus of ...
Below is a list of newspapers published in Qatar. [1] Al Arab – Arabic daily; Al Raya – Arabic daily; Al Sharq – Arabic daily; Al Watan – Arabic daily;
In 2008, Qatar agreed to invest US$5 billion in India's energy sector. [17] A deep-sea gas pipeline from Qatar to India through Oman has also been proposed. [18] In January 2016, Qatar agreed to decrease the selling price of gas to India from $12–13 per unit to $6–7 per unit.
The Peninsula is published in all-colour broadsheet format and number of pages vary from 24 to 40. On weekdays they have 36 pages in the main section, which is divided into 24 pages on local and international news, 8 pages business news and 8 pages sports news. On weekends (Friday and Saturday) the newspaper is only 24 pages and single section.
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