March Bank Holiday in Qatar
March Bank Holiday in Qatar is a day that’s observed annually on the first Sunday in March every year. It’s a day for all financial institutions operating under the supervision of the Qatar Central Bank to take a day off.
As such, it’s a day that doesn’t affect the general population, although the closure of banks, money exchanges, investment offices, and finance companies can be an inconvenience to many people. Local businesses that aren’t in the financial sector usually operate under their ordinary business hours.
The History Of March Bank Holiday In Qatar
The origins of this holiday can be traced back to 2009. This is when the Council of Ministers Decision No. 33 amended certain provisions of Decision No. 6 that were passed the previous year and established public holidays in the State of Qatar. As a result, it was decided by the financial institutions of the country that the first Sunday in March every year will be a bank holiday.
Observing March Bank Holiday In Qatar
Since this day isn’t a nationwide holiday, most businesses operate according to their established hours. Banks and other financial institutions are closed for this day and remain so until the following business day. This may result in some financial transactions being delayed.