QCB introduces 43 ‘Eidiya ATMs’ across Qatar

QCB sets up 43 Eidiya ATMs
Image credits: QCB | Cropped by GBN
By Shilpa Annie Joseph, Sr. Content Head
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The Qatar Central Bank (QCB) has launched the 43 ‘Eidiya ATMs’ across nine locations in the country to facilitate the traditional practice of giving cash gifts during Eid.

This move is designed to streamline the process and ensure that residents can more easily participate in this traditional practice.

The machines, which are available from March 10, dispense fresh banknotes in denominations of $1.38 (QR5), $2.76 (QR10), $13.78 (QR50), $27.56 (QR100), and $55.12 (QR200).

The Eidiya ATMs have been installed at several major shopping and commercial locations. These include Place Vendome (8 ATMs), Doha Festival City (7), Mall of Qatar (4), Al Wakrah Old Souq (4), Al Hazm Mall (4), West Walk (4), Al Khor Mall (4), Al Meera in Muaither (4), and Al Meera in Al Thumama (4).

According to QCB, the initiative is designed to make it easier for residents to obtain small-denomination banknotes traditionally used for Eidiya, the cash gifts given to children and family members during Eid celebrations.

The central bank said that the service also aims to preserve Qatari cultural traditions by reviving the practice of distributing Eidi in the form of newly issued currency notes during festive occasions.

The ATMs are typically introduced ahead of Eid holidays, when demand for fresh banknotes rises as families prepare to exchange gifts during Eid Al Fitr and Eid Al Adha, as per the statement.

Recently, QCB announced the continuation of the remote work system across all financial institutions operating in the country. The new directive allows up to 70 percent of employees to work remotely, prioritizing safety and operational flexibility amid changing circumstances.

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