Governor of Qatar Central Bank HE Sheikh Abdullah bin Saoud Al Thani, has stated that the local banks are capable of facing any possible ‘abnormal conditions’ resulting from the siege imposed on the country. He proclaimed that, The Qatari banking system is strong and efficient as proved by stress tests carried out routinely by QCB. The Central Bank Governor said the banks are highly solvent and profitable. The deposits in the bank were in excess of QR39.3 bn. The data on bank liquidity are available to everyone, through the monthly report released by QCB which also includes data on the monetary base. On the decision of Moody’s credit agency to lower the credit rating of Qatari banks, Sheikh Abdullah said that the current geopolitical risks were a big factor in the agency’s decision. QCB believes the agency will amend that change in the very near future.In terms of banking regulations, the Central Bank is strictly following international standards, especially in capital adequacy and liquidity. In addition, QCB has taken extra precautionary measures in the face of the negative impact of the oppressive siege.