Bloomberg, Qatar Launch QIBOR

Qatar
Qatar

Bloomberg and the Qatar Central Bank have created a new set of interbank price fixings, dubbed the Qatar Interbank Offer Rate (QIBOR), which will provide a daily reference point for banks borrowing unsecured funds from other banks, to encourage a more active interbank lending market in the region.

Bloomberg will calculate the QIBOR rate based on offer prices contributed by nine banks—Ahli Bank, Al Khalij Commercial Bank, Arab Bank, BNP Paribas, Commercial Bank of Qatar, Doha Bank, International

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