Qatar is resorting to debt to finance Turkey's colonial ambitions

 

Turkish President Recep Tayyip Erdogan will visit Qatar tomorrow, Wednesday, for the second time since the outbreak of the new Corona virus, in conjunction with the international pressure he is facing due to his risky political moves on several regional fronts.  It is planned that Erdogan will meet with the Emir of the State of Qatar, Tamim bin Hamad Al Thani, to discuss relations between the two countries and issues of common interest, as it is clear that the Qatari government has begun to resort to internal debt to confront the liquidity crisis, in light of the blackmail on the part of Erdogan and the intervention bill. Terrorist in the affairs of a number of countries.

In a statement, the Qatar Central Bank stated that, on behalf of the government, and in the context of monetary policy and contributing to strengthening the banking and financial system and activating open market tools, it issued permits of varying duration, according to the Saudi newspaper "Makkah".  The bank said that it issued bills with a total value of 600 million riyals ($ 165 million), distributed in three tranches, the first of the bills amounting to 300 million riyals ($ 582 million) for a period of 3 months, at an interest rate of about 110%, due in January.

The Qatari markets, including the government, have suffered during the last period from an accelerated decline in the abundance of liquidity, especially foreign ones, which prompted the Ministry of Finance and Qatar Central Bank to head to international debt markets to provide liquidity.