Qatar's foreign exchange reserves continued to rise to its highest level in nearly 30 months. Official data showed that Qatar Central Bank's reserve assets rose in October 2018 by 2.1% month-on-month to the highest level since July 2016.
International reserves and foreign currency liquidity rose to 176.23 billion riyals ($ 48.4 billion) last month, according to data published on its website.
Qatar's reserves stood at 172.48 billion riyals ($ 47.6 billion) in October. On an annualized basis, Qatar's reserves increased by 31.1 percent, compared with 134.4 billion riyals ($ 36.9 billion) in November 2017.
According to data published by the Anatolia News Agency, the reserve included 69.1 billion riyals ($ 19 billion) in liquid assets in foreign currency and 60.8 billion riyals ($ 16.7 billion) in foreign banks.
The country's gold reserves stood at 4.47 billion riyals ($1.2 billion), while investments in foreign securities and bonds amounted to 39.8 billion riyals ($10.9 billion).
Source: (The New Arab Website, Edited)
