The data issued by Qatar Central Bank showed that international reserves and liquidity in foreign currencies increased by 2.1 percent in February 2021, on an annual basis, registering an increase for the 36th consecutive month.
According to QCB’s data, the foreign reserves rose to 204.912 billion riyals (56.8 billion dollars) last month, compared to 200.61 billion riyals during the same month in 2020.
On a monthly basis, Qatar's foreign reserves rose by 0.06 percent, or 34 million dollars, during the past month, compared with 204.789 billion riyals (56.74 billion dollars) in the previous January.
Qatar's foreign reserves have continued to rise monthly since it began growing in March 2018, and are stable at their highest level in five and a half years since August 2015. Total official reserves include both special drawing rights deposits, the quota with the IMF, International reserves, foreign bonds and treasury bills, as well as balances with foreign banks, and gold. Other liquid assets in foreign currency are added to official reserves, so that the two constitute total international reserves. As for the adequacy of reserves and liquidity to cover Qatari imports, it covers imports of goods for more than 19 months, and nearly ten months of imports of goods and services together.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
