Doha: Deposit rates at opening as issued on Wednesday by Qatar National Bank (QNB) have been detailed for various currencies, reflecting the interest rates for different time periods ranging from one month to twelve months. The rates are provided for currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD.

According to Qatar News Agency, the deposit rates for USD start at 3.66060% for one month and increase progressively to 3.74331% for twelve months. The JPY rates begin at 0.70000% for one month, peaking at 1.20000% for a twelve-month deposit. For CHF, the rates are negative at -0.22000% for one month, turning positive to reach 0.18000% over twelve months. GBP deposit rates start at 3.69000% for one month and rise to 4.55000% for a twelve-month period.

In local currencies, QAR deposit rates start at 4.05000% for one month and decrease to 3.72500% over twelve months. The SAR rates begin at 4.50000% and stabilize at 4.30000% from the second month onward. AED rates start at 2.05000% for one month, increasing to 3.15000% for twelve months. For BHD, the rate starts at 4.60000% for one month and reduces to 4.10000% at twelve months.

These rates reflect varying economic conditions and provide a snapshot of the current financial climate in Qatar as of the latest update from Qatar National Bank.