Findings of a US probe, being carried out by the US Securities and Exchange Commission, into attempts to undermine Qatar’s economy by manipulating the Riyal is set to be released soon, reported Qatar Tribune.

An investigation by Al Jazeera, dubbed ‘Currency war,’ also revealed that a plot to destabilise Qatari economy and undermine its currency was underway at the same time the Saudi-led bloc issued a 13-point demand to end the unjust siege it has imposed on Qatar, an Al Jazeera investigation has revealed.

The demands, which were tabled around a month after the blockade started in June last year, later revised down to ‘six broad principles.’ Qatar, however, has refused to agree to any measures that threatened its sovereignty or violated international law.

The plot, it said, intended to show artificial effects of the blockade on Qatar’s economy. The investigation revealed that UAE officials used Luxembourg-based Banque Havilland as a financial arm to manipulate riyal and Qatari bonds abroad.

It said attempts to manipulate Qatari currency consisted in targeting the Qatar Central Bank by draining its foreign exchange reserves.

The investigation draws from certificates and economic investigators, as well as proofs of steps taken to damage the economy in the Qatari currency.

It also used records of British money exchange companies, the Bank of England’s cash circulation records, as well as references to the Banque Havilland and the bonds.

Exchange company Travelex issued a statement last year saying that the Qatari currency was no longer available and Al Jazeera revealed that the UAE Exchange Group was the main owner of Travelex.

It was revealed that Indian businessman BR Shetty persuaded Emiratis to finance the deal after failing to obtain funding for it from Qatar National Bank.

In November, Al Jazeera, citing The Intercept, reported that a UAE plan to weaken Qatar’s economy was found in the email account of Yousef Al Otaiba, the UAE ambassador to the United States.