The storm of Qatar's diplomatic relations continues. Qatar's Finance Minister Ali Sharif Emadi said that the Qatar Investment Authority is using the deposit to build a "shock absorber" to inject liquidity into Qatar's banking system after the capital outflow of more than $30 billion.
Emadi said: "We are not liquidating, but introducing some foreign liquidity into China. This work was completed by the Ministry of Finance of Qatar and the Qatar Investment Authority, which is very normal in the current context. " Withdrawal is a "prevention and early warning" measure.
Moody's, an international credit rating agency, said in September that Qatar had injected $38.5 billion into its economy after breaking diplomatic relations.