CB) conducts exchange rate policy with the aim of retaining the stability and the free convertibility of the QAR. Monetary policy is determined by the Monetary Policy Committee and is implemented with a view to supporting the dollar peg. The QCB is led by a board of five directors. The riyal is fully deliverable and conve

6 is 5.0% (+/- 2%). The CBRT is organized as follows: the Bank is led by a board, which consists of a Governor and six members. The Board oversees the Monetary Policy Committee (MPC), which consists of seven members, and is led by the Governor of the Central Bank. The Committee meets 8 times a year to set the policy rates