Valid residency/ work permit and Qatar ID card.Expats will generally need to apply in person with the following: Opening a bank account in QatarДЇor those who don't go the international account route, opening a bank account in Qatar is a relatively simple, stress-free process. Some expats also report that they prefer the convenience and security of having their finances centralised in this way.Д«anks in Qatar are generally open from Sunday to Thursday between 7.30am or 9am and 1pm, but many are also open in the afternoon and on Saturday mornings. This kind of account may be of benefit to those who would like to consider offshore account options or who already have an account with one of the service providers in their home country. Most local banks have services in both English and Arabic and offer the familiar account types found in most global destinations.ДЄlternatively, expats can open an international account for use in Qatar, with banks such as HSBC and Standard Chartered Bank having established a presence in the country. These offer comprehensive online banking services. The banking industry is supervised by the Qatar Central Bank, which oversees commercial banks such as Ahli Bank, the Commercial Bank of Qatar, Doha Bank, Qatar Islamic Bank, International Bank of Qatar and the Qatar National Bank (QNB). Remember, though, that when exchanging currency, banks charge for the service, so the rate may vary. New arrivals can easily get local cash at the airport and banks. The riyal is pegged to the US dollar at a fixed rate of 1 USD to 3.64 QAR for the Qatar Central Bank's sales and purchases of USD with banks that operate in the country. Riyals can be found in the following denominations: The currency used in Qatar is the riyal (QAR), which is subdivided into 100 dirhams. As such, expats generally find that banking in Qatar, with its well-maintained network of local and international banks, is quite easy. As a country with one of the worldвЂ™s highest per capita income, Qatar's inhabitants need adequate infrastructure to protect their earnings.

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