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Shortages of U.S. dollars hit money exchange houses in Qatar Sunday, making it harder for worried foreign workers to send money home, as foreign banks scaled back business with Qatari institutions because of the region's diplomatic crisis.Some Western banks with a presence in Qatar continued business as normal, partly because they did not want to lose out on billions of dollars of building projects that Qatar plans before it hosts the football World Cup in 2022 .The six Qatari banks named by the UAE – Qatar National Bank (QNB), Qatar Islamic Bank, Qatar International Islamic Bank, Masraf Al Rayan, Doha Bank and unlisted Barwa Bank – did not respond to Reuters requests for comment.The share prices of all five of the listed banks fell Sunday, with QNB losing 0.5 percent, as investors reacted to the prospect of the banks facing funding difficulties because of reduced ability to borrow from foreign institutions. Bankers expect Qatari banks to borrow from the central bank's repo facility if they become short of funds. The repo rate is currently at 2.25 percent and the cost of borrowing three-month money among Qatari banks rose near that level on Sunday, to 2.20 percent, the highest in many years.
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