QAR – Qatari Riyal
The payment processing of this currency is considered to be relatively standardised.
Note for domestic QAR payments, the payment purpose code (see Appendix XIII) is mandatory and has to be added to the reason of payment. The purpose of payment code consists of a 4 character code that must be specified in Field 70.
- Currency Guidelines
Besides the above mentioned information, the IBAN format is mandatory (see Appendix VI) as well as the beneficiary’s physical full address.
A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
Appendix XIII: Purpose of Payment Codes (QAR)
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Qatar: http://www.qcb.gov.qa