Foreign Exchange Reserves of around $ 99 Billion

  • Doha, State of Qatar
  • 15 February 2021
1

Qatar Central Bank data showed that the total reserve money in the banking system increased during the month of January at an annual rate of 31 percent to 99.03 billion riyals compared to 75.6 billion riyals in January 2020, but at the same time it decreased by 1.2 billion riyals from what It was last December.

The reserve requirement ratio rose to 41.2% compared to 39.8% last December. The reserve requirement rose by the end of January by 450 million riyals compared to December, to the level of 40.75 billion riyals.

The net foreign assets were low between June 2017 and until August 2018 below the level of 93.5 billion riyals, then there were steady increases after that, and it reached the level of 149.13 billion riyals in January 2021 compared to 144.6 billion riyals in January 2020, and about 109.6 billion riyals two years ago in January 2019. As for the net domestic assets, it was at the end of 2016 at a level of negative 85.6 billion riyals, and it improved to negative 46.5 billion riyals by the end of December 2020, and to negative 48.8 in January 2021.

In sum, the total net foreign assets with net domestic assets decreased in January to 99.03 billion riyals, which is equivalent to reserve money, or what is known as the monetary base (M), or high-value money.

Source (Al-Raya Qatari Newspaper, Edited)

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