Qatar has $US340 billion ($A447 billion) in reserves including holdings of its sovereign wealth fund that could help the Gulf country to weather the isolation by its powerful Arab neighbours, central bank governor Sheikh Abdullah Bin Saoud al-Thani says.
"This is the credibility of our system, we have enough cash to preserve any..kind of shock," he told CNBC in an interview published early on Monday on its website.
Al-Thani said the central bank has $US40 billion in reserves plus gold, while the Qatar Investment Authority has $US300 billion in reserves that it could liquidate.
Qatari stocks have weakened and the riyal has been volatile in the spot market since Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar on June 5, accusing it of backing terrorism. Dona has denied these allegations.
"Qatar has already had a good and unique system. We have laws established against all these kinds of terrorists ," al Thani told CNBC. "We work with the IMF (International Monetary Fund) and other institutions to establish our laws and audits and reviews."
"We have no challenges, we welcome those to review all our books, they are open," he added. Al-Thani said while the central bank has noticed fund outflows from some non-residents, the amounts weren't particularly significant.
"There is more coming in," he said, confirming that inflows are exceeding outflows.
He said long-term contracts in the gas and oil sectors were not seeing any disruptions.
Rating agency Moody's Investors Service earlier this month changed the outlook on Qatar's credit rating to negative from stable, citing economic and financial risks arising from the ongoing dispute between Qatar and the Saudi-led alliance.
