IBQ offers saving double rate than european..
... but only for some months (until June 2009).
and you can apply only one "free" withdraw monthly (they charge you for get your own money - nice! imagination in the banks to find new commissions always surprise me).
So, it looks like Qatar banks are running low of cash, isnt it?
any opinion on al khaleeji bank? they seem to have good interest rates on fixed deposits..
it could happen, or not... it has certain risk.
I heard that UK started the "printing-notes machine" if thats the case, I dont think sterling will recover in short time, unless US start the "printing-notes machine" even stronger...
from my side, I will remain in "safe" rivers like for instance savings accounts with guaranteed interest (unless the bank collapses) until I would see clear trends...
Does the recover of the markets of last two weeks make sense?
War looking for peace,
is like fornication looking for virginity.
I wonder if it's worth opening the account in sterling at todays low rate, then waiting for the pound to recover and then changing back to Riyals? If they convert today at 5.4 and it hits 8 again you could see almost a 30% profit.
Does that make sense?