Over its history the Qatar Central Bank has increasingly worked in association with other, larger central banks to achieve a stable currency for the country, most recently and notably with the Monetary Authority of Singapore.
13 and include (among others) the following duties:[6] The Board of Directors of the Qatar Central Bank is composed of five members.
QCB is mandated to formulate monetary and banking and credit policies so as to achieve certain financial and economic objectives—QCB Objectives.
The Fund : A monetary investment entity acquiring the legal personality and founded pursuant to the provisions of the law.
The foundation of the Fund that undertakes investments in the shares of the Qatari joint-stock companies and in the shares enrolled in the stock-market, real estates, and projects within the state of Qatar is implemented by virtue of an authorization issued by the bank, further to the approval of the minister.
In all cases, the nominal value of the unit shall be paid off all at once or according to the requirement of the Fund's basic law.
The founder may appoint a Fund's investment trustee according to the instructions adopted by the bank.
Funds floating their investment units for circulation shall be subject to the laws, rules and decisions regulating the market.
Non-Qatari artificial and natural persons may participate in the Funds, while the minister shall determine, by counseling with the Minister of Finance and the Governor of the bank, the percentages of their participation in the Funds that deal with shares, real estates and Qatari projects.
Every Fund shall have one or more auditors to be appointed pursuant to the conditions and procedures determined by the bank.