Extended? Number of Banks in Qatar Extend Validity of Old Banknotes
Have you received a notification from your bank indicating that they will continue accepting the old currency until 31 December 2021?
Qatar 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.
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.
In accordance with the directives of Qatar Central Bank, we will continue accepting the old edition of the banknotes in all of our branches and ATMs until the 31st of December 2021. #AhlibankQatar pic.twitter.com/sgIY5AIonl
— Ahlibank Qatar (@ahlibankqatar) June 24, 2021
Qatar Islamic Bank (QIB) and Qatar National Bank also made similar announcements on Twitter:
سوف نستمر باستبدال الفئات القديمة من العملة القطري حتى 31 ديسمبر 2021.
We will continue to exchange the old Qatari Currency notes until 31st December 2021. pic.twitter.com/qn3PDOlfpV
— QIB Group (@QIBGroup) June 23, 2021
احرص على استبدال العملة القطرية من الإصدار الرابع قبل 31 ديسمبر 2021https://t.co/cSF6YN3N2P
Be sure to exchange your 4th edition Qatari notes before December 31st, 2021https://t.co/tfTZfShhZW#QNB #QNBGroup pic.twitter.com/5CuwRev136
— QNBGroup (@QNBGroup) June 24, 2021
Check out Marhaba’s FREE e-Guides for everything you need to know about Qatar.