Doha: Deposit rates at opening as issued on Monday by Qatar National Bank (QNB) have been released, providing insights into the current financial landscape for various currencies. The announcement highlights the rates for USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD for different deposit tenures, ranging from one month to twelve months.

According to Qatar News Agency, the deposit rates for USD start at 3.67328 for a one-month term and decrease slightly to 3.50544 for a twelve-month term. The JPY rates begin at 0.60000 for both one-month and two-month terms before increasing to 0.85000 for a twelve-month tenure. For CHF, the rates are in negative territory, starting at -0.26000 for a one-month term and improving slightly to -0.01000 for a twelve-month deposit.

For GBP, the rates show a slight fluctuation, beginning at 3.69000 for a one-month term and rising to 3.90000 for a twelve-month period. In the local currency, QAR, the rates start at 4.07000 for a one-month term, decreasing to 3.75000 for a twelve-month duration. The SAR rates are relatively stable, with a small decrease from 4.50000 for a one-month term to 4.30000 for a twelve-month period.

AED deposit rates begin at 2.05000 for one month and increase to 3.15000 for a twelve-month tenure. Lastly, BHD rates start at 4.60000 for a one-month term and decrease to 4.10000 for a twelve-month period. The updated rates reflect the financial strategies and adjustments made by Qatar National Bank in response to the current economic conditions.