Qatar Central Bank Assets Rise 3.98 percent

  • Doha, State of Qatar
  • 31 May 2019
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Qatar Central Bank reserve assets rose by 3.98% in April 2019, the highest level since November 2015.

Qatar Central Bank data reveals that the international reserves and foreign currency liquidity rose to 190.76 billion riyals ($53 billion) in the past month.

Reserves in Qatar recorded 183.46 billion riyals ($50.87 billion) in March.

On a year-on-year basis, the country's reserve rose 31.8%, compared to QAR 144.7 billion ($40.2 billion) in April 2018. The reserve included 56.67 billion riyals ($15.7 billion) as liquid assets in foreign currency, and 58.15 billion riyals ($16.1 billion) as balances with foreign banks.

The Qatari central bank's gold reserves stood at 5.62 billion riyals ($1.55 billion), while the investments in foreign securities and bonds amounted to 68.38 billion riyals ($19 billion).

Source: (Al-Arabi Al-Jadeed newspaper, Edited)