Doha: Qatar National Bank (QNB) announced the latest deposit rates for various currencies on Monday, providing updated figures for both domestic and international investors. These rates are set to influence savings and investment decisions in the financial markets.

According to Qatar News Agency, the deposit rates for currencies including USD, JPY, CHF, GBP, QAR, SAR, AED, and BHD were detailed, with varying rates depending on the term of the deposit. For USD, the rates began at 3.66095% for a 1-month deposit and increased to 3.71385% for a 12-month term. The JPY rates were consistent for the 1 and 2-month terms at 0.70000%, rising to 1.20000% for a 12-month deposit.

The CHF deposit rates started at -0.30000% for a 1-month deposit, moving to a positive 0.17000% for 12 months. GBP rates showed a significant increase from 3.77000% for 1 month to 4.62000% for 12 months.

For local and regional currencies, QAR rates initiated at 4.02740% for 1 month and adjusted to 3.72500% for 12 months. SAR rates were stable at 4.50000% for the 1-month deposit and adjusted slightly to 4.30000% for longer terms. AED rates escalated from 2.05000% for 1 month to 3.15000% for 12 months, while BHD rates decreased from 4.60000% for 1 month to 4.10000% for the 12-month term.

These rates reflect current market conditions and economic factors influencing Qatar's financial sector.