UPDATE: Sri Lankans from Qatar encounter difficulties over exchanging money

UPDATE: Sri Lankans from Qatar encounter difficulties over exchanging money

UPDATE: Sri Lankans from Qatar encounter difficulties over exchanging money

Written by Mayooran Kantharvel

06 Jun, 2017 | 10:41 am

 

NEW DEVELOPMENT

The Central Bank rejects rumors that it advised other banks not to accept Qatari Riyals.

Meanwhile, A.S.P Liyanage, the Sri Lankan Ambassador to Qatar spoke to News1st saying, “There are nearly 150,000 Sri Lankans residing in Qatar. There are no issues faced by Sri Lankan nationals in the current political climate. If there are any Sri Lankans arriving in Sri Lanka from Qatar, they are advised to exchange their
Qatari riyals into U. S Dollars in Qatar itself. If there are any Sri Lankans who have planned to go to Qatar right now, they are advised to temporarily delay their departure date.”
WHAT HAPPENED?

In what is being called the worst diplomatic crisis to strike the region since the 1991 Gulf war, 5 Arab nations led by Saudi Arabia cut diplomatic ties with Qatar. Bahrain, Egypt, Saudi Arabia and the United Arab Emirates all cut diplomatic ties with Qatar on Monday and ordered their land, sea and airports closed to Qatari aircrafts and vessels.

The move created an immediate crisis for Qatar, whose only land border is with Saudi Arabia and which imports about 40 percent of its food from the Saudis. Residents said that people were stocking up on food and cash. Qatari diplomats and citizens were scrambling to meet a 48-hour deadline to leave some Gulf countries where they had been posted.

Saudi accused Qatar of supporting “Iranian-backed terrorist groups” in its province of Qatif and in Bahrain and said “authorities in Doha” have supported the Iran-backed Houthi armed group in Yemen. Tensions have been building up between Qatar and it’s neighbors over Qatar’s unorthodox regional policies. These tensions came to an abrupt head on Monday when the other Arab nations imposed diplomatic and economic sanctions on Qatar.

HOW IS THIS AFFECTING SRI LANKANS?

A number of Sri Lankans who arrived in Sri Lanka from Qatar have been unable to exchange their Qatari Riyals into Sri Lankan rupees at the BIA.

Speaking to News1st, a group of passengers at BIA said that bank branches at the airport had denied them the opportunity to exchange their Qatari Riyals into Sri Lankan Rupees.

They added that the lack of prior warning in this regard has placed them in a difficult position as they are unable to make use of their hard-earned money.

 

 

 

 

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