The International Reserves and Foreign Currency Liquidity of the State of Qatar rose last April by 2.76 percent on an annual basis to 58.27 billion dollars, compared to 56.69 billion dollars in April 2021.
According to Qatar Central Bank data, the annual growth came as a result of an increase in investment in foreign treasury bonds by 39.6 percent to $32.9 billion. In addition to the increase in the deposits of special drawing rights and the quota with the International Monetary Fund to about 1.5 billion dollars, compared to 540 million dollars in the same period last year.
Official reserves consist of four main components: bonds and foreign treasury bills, cash balances with foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the International Monetary Fund.
Liquid assets in foreign currency amounted to $15.7 billion, a growth of 1.9 percent, and balances with foreign banks amounted to $4.53 billion, down 66 percent, compared to $13.5 billion in April 2021. While gold stabilized at $3.23 billion.
Source (Al-Arab London Newspaper, Edited)
