Have you received a notification from your bank indicating that they will continue accepting the old currency until 31 December 2021?

Bank notif on old currencyQatar Central Bank (QCB) announced in February that old banknotes will be accepted until 1 July. Qatar’s new currency notes were introduced in December, the 5th series of the Qatar Riyal banknotes, with designs that reflect Qatari tradition, Islamic history, culture, flora and fauna, and development in the field of education, sport and economy.

READ: Banks Remind Citizens to Exchange Old Banknotes Before 1 July 2021

QCB also stated that after the deadline, the banknotes of the fourth series will become ‘illegal’ and ‘indemnified’ currency, with the holder entitled to recover the value of the remaining notes from QCB within a period not exceeding 10 years from the date of the withdrawal decision.

In an official tweet from Ahlibank (@ahlibankqatar), the bank said that the announced extension is in accordance with the directives of Qatar Central Bank.

Qatar Islamic Bank (QIB) and Qatar National Bank also made similar announcements on Twitter:

For updates and more information, visit qcb.gov.qa

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