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Qatari Riyal Crashes After Saudi Orders Banks To Cut Exposure

zerohedge.com / by Tyler Durden / Jun 7, 2017 11:23 AM

The Qatari Riyal plunged to record lows (and forward FX markets indicate the peg is doomed) as Bloomberg reports Saudi Arabia’s central bank has ordered lenders in the country not to increase their exposure to any Qatari clients amid the worst crisis in relations among the Gulf Arab monarchies in decades, according to people familiar with the matter.

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