QCB to issue World Cup commemorative currencies

This is being done in coordination with the official authorities organising the tournament, the QCB said in a tweet."The QCB is pleased to announce the imminent issuance of the official commemorative currencies for the World Cup," the central bank said.FIFA World Cup Qatar 2022, taking place from November 21 to December 18, is a first for the Middle East.Qatar at present has currencies of denominations QR1, QR5, QR10, QR50, QR100, QR200 and QR500. The QR200 was introduced in the fifth issue in 2020 when the currencies underwent complete change in design.Rubbishing reports in social media that it has already issued commemorative currencies; the QCB said it has not issued any currencies so far."What is being circulated is not approved by the official authorities organising the tournament and has no connection with the bank, and has no legal status, either in terms of nominal value or legal terms," it said.Accordingly, legal action will be taken against the issuers or promoters of that currency, the QCB tweet said.In May this year, the QCB had announced the issuance of the official host country coin programme in collaboration with MDM Deutsche Muenzhandelsgesellschaft, Germany, FIFA’s official license holder for coins.The programme features a total of 24 commemorative legal tender coins, issued in two series.Qatar Post had signed a license pact with FIFA, the international governing body of football, to be the provider of Qatar stamp issues for the FIFA World Cup 2022 in Qatar.The stamps are designed to celebrate each stage of the preparation leading up to the FIFA World Cup in 2022, in addition to recognising the rich history of football in Qatar.The issues will also include VIP folders, first day covers as well as commemorative stamp sets, bringing to life Qatar Post’s innovative designs using state-of-the-art augmented reality technology for the enjoyment of customers.