In January, the international reserves and foreign currency liquidity of the Qatar Central Bank jumped 11.15% to more than 233.7 billion riyals ($ 64.2 billion), compared to 210.29 billion riyals in the same month of 2022.
Figures released by the Qatar Central Bank revealed that its official reserves rose by about 22.782 billion riyals to reach 175.784 riyals at the end of January, driven by the rise in the central bank's balances of bonds and foreign treasury bills by about 22.498 billion riyals to the level of 138.667 billion riyals.
The balance of SDR deposits from Qatar's share with the International Monetary Fund fell last month by 171 million riyals, reaching 5.317 billion riyals year-on-year. Balances with foreign banks also decreased by about 8.309 billion riyals to the level of 11.142 billion riyals, while gold stocks rose by about 8.763 billion riyals to 20.656 billion riyals.
Official reserves consist of key components: bonds and foreign treasury bills, cash balances with foreign banks, gold holdings, SDR deposits, and Qatar's share with the International Monetary Fund. To the official reserves, other liquid assets are added in the form of foreign currency deposits, all of which constitute what is known as "total international reserves".
Source (Al-Araby Al-Jadeed, Edited)
