Exchange old currency before July 1, banks remind customers

The Peninsula, 08/06/2021

The banks have advised citizens and expatriates to exchange old banknotes as the deadline looms to replace the old Qatari currency. The banks will continue to accept old banknotes until July 1, which is the last date to exchange such notes.

“Be sure to exchange your old banknotes before July 1, 2021. In accordance with the directives of Qatar Central Bank (QCB), the deadline to exchange the old notes will be July 1, 2021,” said QNB on its official twitter account, yesterday. 

“The exchange of old notes needs to be done before the date mentioned above. In addition, old notes can be deposited in QNB ATMs, ITMs and bulk deposit machines,” it added.

In February this year, the QCB had announced to extend the circulation of old banknotes until July 1, this year. QCB had stated that after the deadline, the banknotes of the fourth series will become illegal and indemnified currency, with the holder entitled to recover the value of the remaining notes from the Central Bank within a period not exceeding 10 years from the date of the withdrawal decision.

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