Monday, July 10, 2017

"Qatar Says It Has $340 Billion To Withstand Boycott By Arab Nations"

From OilPrice:
Qatar’s central bank says it has $340 billion in reserves that could help the country to withstand any effects from the boycott imposed by its Arab neighbors and other countries.

Central bank Governor Sheikh Abdullah Bin Saoud al-Thani said in an interview with CNBC published on July 10 that this shows “the credibility of our system.”

“We have enough cash to preserve any -- any -- kind of shock," he said.

Saudi Arabia, Bahrain, the United Arab Emirates, and Egypt broke diplomatic and travel ties with Qatar over the emirate's alleged financial support for Islamist extremists and its ties to regional rival Iran....MORE
Reminiscent of this on Daley-the-First, Chicago's Richard J. and the 1968 Democrat National Convention from a 2011 post:

...*Mayor Daley had the best line of the convention. Referring to the clash between the rioters and the cops, he said:
"The policeman isn't there to create disorder.
The policeman is there to preserve
The Mayor was a regular Mr. Malaprop. On another occasion he was supposed to say:
"We shall reach greater and greater plateaus of achievement."
It came out as:
"We shall reach greater and greater platitudes of achievement."
Prompting his press secretary to tell the reporters:
"Don't print what he said, Print what he meant."