The data released by Qatar’s Central Bank showed that its international reserves and foreign currency liquidity increased by 2.7 percent on an annual basis in August 2021, and this is a continuous increase for the 42nd consecutive month.
According to the same source, the foreign reserves rose to 209.323 billion riyals ($57.55 billion) last month, and reserves in Qatar amounted to 203.735 billion riyals ($56.01 billion) in the same month of 2020.
On a monthly basis, Qatar's foreign reserves increased by 1.94 percent, compared to 205.32 billion riyals ($56.45 billion) in the previous July.
It is worth noting that Qatar's foreign reserves continue to rise monthly since it began growing in March 2018, and that Qatar is experiencing pressures due to the repercussions of the Corona pandemic, and the high cost of projects to organize the World Cup in 2022, but it shows resilience based on the rise in its foreign reserves and the assets of its sovereign fund.
Source (Anadolu Agency, Edited)
