Many UK banks suspend trading Qatari rial
LONDON, July 1, 2017
Several British banks have suspended trading Qatari riyals for retail customers, as the extended diplomatic crisis in the Gulf puts growing pressure on the currency, according to Emirati news agency Wam.
Lloyds Bank, Bank of Scotland and Halifax – all operated by Lloyds Banking Group – have stopped buying and selling the currency because the third-party supplier that fulfills their foreign exchange service has stopped trading in riyals, stated the report citing the bank.
Barclays’ and Royal Bank of Scotland’s retail foreign exchange service has also been affected in the same way, it added.
