Some Egyptian banks halt dealings with Qatari banks after diplomatic rupture -bankers
Published on: Monday 05 June 2017
Some Egyptian banks halted dealings with Qatari banks on Monday after Cairo's announcement that it had cut diplomatic relations with Qatar for supporting terrorism, though Egypt's central bank urged banks to continue dealing in Qatari riyals. Egypt did not say if the measure included a suspension of trade with Qatar, and the Trade Ministry did not immediately respond to questions on this. Four bankers told Reuters that they had halted transactions with Qatari banks based on internal orders from management at their banks, though they had not frozen the opening of letters of credit required for imports.
