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Qatari Riyal Stability vs Egyptian Pound
The Qatar Riyal continued to maintain its stability against the Egyptian Pound, as the Central Bank of Egypt and other banks showed a noticeable market equilibrium, amid a slowdown in trading activity due to the weekend holiday. The interest in the Qatari currency remains high because of the presence of Egyptian workers in Qatar and the ongoing economic relations between the two countries. Additionally, the Riyal's peg to the US dollar continues to support its stability. Economic institutions expect the relative stability in the Gulf currency markets to persist in the coming period.
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