Qatar Central Bank Reserves Increased by 2 percent

  • Doha, State of Qatar
  • 8 September 2022
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The international reserves and foreign currency liquidity of the Qatar Central Bank increased by 2.010 percent, to reach 213.532 billion riyals last August, compared to 209.323 billion riyals in the corresponding month of 2021.

The figures issued by the Qatar Central Bank indicated that the official reserves of the Qatar Central Bank increased by the end of August of this year than they were at the end of August 2021 by about 3.179 billion riyals to reach 155.937 billion riyals, driven by the increase in the Central Bank’s balances of bonds and foreign treasury bills by about 14.819 billion riyals, to the level of 116.237 billion riyals in August 2022. On the other hand, the balance of special drawing rights deposits from the State of Qatar's share in the International Monetary Fund decreased by the end of August 2022 by a value of 482 million riyals compared to August 2021, to reach the level of 5.134 billion riyals. Balances with foreign banks decreased by about 14.607 billion riyals to the level of 19.100 billion riyals at the end of August 2022 compared to August of last year.

In parallel, the gold stock increased by the end of August 2022 by about 3.449 billion riyals to reach 15.465 billion riyals.

Source (Al-Raya Qatari Newspaper, Edited)

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