Official data issued by the Qatari Central Bank showed an increase in foreign reserves for the State of Qatar during last August.
According to the data, the international reserves and liquidity in foreign currencies rose by 3.4 percent in August on an annual basis, achieving an increase for the 30th consecutive month despite the economic repercussions caused by the Corona pandemic.
Foreign reserves rose to 203.74 billion riyals ($56.4 billion) last month, compared to 197.01 billion riyals ($54.6 billion) in August 2019. On a monthly basis, Qatar’s reserves rose by 0.1 percent in August, compared to 203.52 billion riyals (56.35). Billion) in July.
Qatar's foreign reserves continue to rise monthly since it began growth in March 2018, to stabilize at its highest level in five years since August 2015. The improvement in Qatar's reserves comes despite the repercussions of Corona on the country's economy, and after Doha allocated a stimulus package worth 75 billion Real ($20.73 billion) to recover from the negative economic impacts of the pandemic.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
