The data released by Qatar Central Bank showed that the total reserve money in the banking system increased by the end of March at an annual rate of 14.9 percent to 104.54 billion riyals, compared with 91.02 billion riyals in March 2020, and an increase of 0.49 billion riyals from what it was last February. Thus, the reserve money constituted 51 percent of the bank's cash reserves, which amounted to about 204.99 billion riyals.
Reserve money consists of four components: issued cash, mandatory reserves, surplus reserve balances of banks deposited with the Qatar Central Bank, and others.
According to the data, the change in reserve money in the month of March has been achieved by the changes that occurred in its various components, as the mandatory reserve increased by the end of March by 524 million riyals, compared to February, up to the level of 41.09 billion riyals.
The reserve requirement ratio of reserve money was stable in March at 39.3 percent, compared with 39.4 percent in February. It is worth noting that this category is considered a stable category, and it usually changes with the change of total deposits with commercial banks.
Source (Al-Raya Newspaper-Qatar, Edited)
