Banque Havilland

Bank fined for attempt to break Qatari riyal's dollar peg

Issue 1169 - 18 May 2023 | 1 minute read

The UK's Financial Conduct Authority (FCA) has fined Luxembourg-based Banque Havilland and a number of its executives and employees for trying to devalue the Qatari riyal in 2017, at a time when Qatar was facing a boycott by Bahrain, the UAE, Saudi Arabia and some allied countries.

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