Qatar Central Bank data showed that the total international reserves in foreign currency continued to grow at the end of February to reach 200.6 billion riyals.
According to the data, the official reserves of Qatar Central Bank increased by the end of February by about 1.6 billion riyals to 147 billion riyals (or 40.3 billion dollars), and the total international reserves, including liquidity in foreign currency which rose by about 1.2 billion riyals to reach about 200.6 billion riyals (55 billion dollars), and that it has increased by 63.8 billion riyals, or 46.6% from what it was two years ago in February 2018, and it increased by 11.1% from what it was a year ago.
The report showed the rise in official reserves during the month of February 2020 to the level of 147 billion riyals, as a result of four reasons, the first of which is the rise in bonds and treasury bills at Qatar Central Bank by about 1.1 billion riyals, to reach the level of 81.9 billion riyals, and the second is the rise in balances with foreign banks by about 500 million riyals to 55.4 billion riyals, and the third is the increase in the value of gold by about 150 million to 7.83 billion riyals, in addition to the stability of special drawing rights deposits with the share of the State of Qatar with the Fund, at the level of 1882 million riyals.
Source (Al-Raya Newspaper-Qatar, Edited)
