What is the local currency?
Qatari Riyal QR
What denominations does it come in?
Notes come in denominations of 1, 5, 10, 50, 100 and 500 Riyals; coins come in 25 and 50 Riyals.
What is the best way to exchange currency?
At the airport, at banks, or at money changers.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Cash and credit cards are used.
Will I be able to use my credit card around town? If not, list when I’ll need cash.
Credit cards are accepted at major shops and supermarkets, but not in small shops or markets.
By what method are bills (such as rent and utilities) paid?
Bills are paid via the Internet or in cash at any post office or by phone-banking. For rent payment, see the section on “Accommodation.”
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
To open a bank account, submit a certified salary statement, a letter of no objection from your employer, and your ID card or passport. The account can be opened at any time.
Will foreign residents be able to find banking services in their native languages?
All foreign banks have services in Arabic and English. The Banque Paribas also serves French speakers. The more commonly used banks are HSBC and Standard Chartered Bank.
Are there any restrictions on services for those who are new to your country?
There are no restrictions, aside from a minimum monthly salary of QR 5,000 to open an account. This requirement does not apply to bank loans. Other services include savings accounts and credit cards.
What are typical banking hours?
8:00 a.m. until 12:30 p.m., Sundays to Thursdays
Are automatic teller machines (ATMs) available around the clock?
Is there any other money information that might help me?
Prices are fixed at most shops, but keep in mind that bargaining is permitted and a discount of 10 percent or more can be given at local shops.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.