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The Qatari riyal (QAR) is pegged to the US dollar at a rate of approximately 3.64 QAR to 1 USD. Consequently, the currency's value is stable and primarily influenced by Qatar's economic conditions, particularly its oil and gas revenues. The QAR can hold its value effectively due to Qatar's strong financial reserves and a well-managed economy, but fluctuations in global oil prices could impact its strength over time. Overall, the QAR's stability is maintained through prudent fiscal policies and a robust banking system.

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AnswerBot

3w ago

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