Doha Bank branches in India exchanging riyals

10/07/2017 06:03 AST

Doha Bank said yesterday that its branches in India continue to exchange Qatari riyal for Indian rupee.

"Doha Bank is authorised to exchange Qatari Riyal currency notes against Indian Rupees (INR) at its Bank's Branches in India for its customers and other Banks," Dr. R Seetharaman, Chief Executive Officer of Doha Bank.

"Doha Bank would like to assure its existing customers that they can exchange Qatari Riyal currency notes against Indian Rupees at its Branches in India. Doha Bank has also communicated to all the Banks in India that they can get in touch with the branch personnel to discuss the operational aspects of the exchange," he said.

It was reported earlier that some money exchanges in Indian airports were not accepting Qatari riyals and Reserve Bank of India issued a clarification saying there is no such official order.

Some readers alerted The Peninsula that some money exchanges at Goa and Bangalore airports in India refused to exchange Qatar Riyals and some of them have put out boards saying they will not accept Qatari Riyal due to the Gulf crisis. even after the RBI clarification there were reports of money exchanges refusing to accept Riyal.

This statement from Doha Banl is welcome step and the bank has branches in Mumbai and Cochin.


The Peninsula

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