Qatar's Foreign Reserves Grew 31 percent

  • Doha, State of Qatar
  • 4 January 2019
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International reserves and foreign currency liquidity at Qatar Central Bank recorded a growth of 31 percent year-on-year at the end of November 2018, to reach $48.4 billion at the highest level in 30 months.

Official data released by Qatar Central Bank revealed that Qatar's foreign assets rose by 93 percent to about $ 16.7 billion at the end of November, while the foreign securities and treasury bills increased by 182 percent to about $11 billion compared to $3.9 billion in November of 2017.

Qatar also increased its holdings of gold by the end of the year 2018 to about 31.3 tons, with the value of 1.2 billion dollars.

Source (CNBC Arabic site, Edited)