Qatar's foreign reserves increased for the 35th consecutive month, and reached 204.79 billion riyals (56.2 billion dollars), by the end of last January, and by 2.69 percent, an increase of about 5.3 billion riyals and 2.7 percent from what it was at the end of January 2020.
According to data from the Qatar Central Bank, official reserves at the bank rose at the end of last January, to the level of 148.67 billion riyals (or $40.78 billion). This was the result of an increase in the balances of foreign banks by 4.21 billion riyals to 48.50 billion riyals, a decrease in the balance of bonds and bills by 4.18 billion riyals to a level of 85.61 billion riyals, the stability of the value of gold stocks at 12.57 billion riyals, and the stability of deposits of special drawing rights with the share of the State of Qatar in the IMF is at 1.98 billion riyals, unchanged from last December.
According to the data, the value of SDR deposits and the state’s share in the International Monetary Fund reached 1.98 billion riyals at the end of last January, with a growth of 4.76 percent over its level in the same period last year of 1.89 billion riyals.
The total official reserves include the special drawing rights deposits, the quota with the International Monetary Fund, foreign treasury bonds and bills, in addition to balances with foreign banks, and gold, and other liquid assets in foreign currency are added to official reserves, so that the two constitute the total international reserves.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
