Qatar's finance minister, Yousef Kamal has unveiled plans to issue the country's first local currency bond in an effort to diversify its funding away from the US dollar, foster a domestic bond market and widen its range of monetary policy tools, Financial Times has reported. Bankers estimated the size of the bond sale at QR4bn ($1.1bn). The central bank will announce the sale of Qatari riyal-denominated Islamic and conventional bonds to its domestic banks on either Monday or Tuesday, the minister told the newspaper.