Qatar has maintained levels of foreign exchange reserves growth, despite the repercussions of the new Coronavirus, which has confused the global economy.
This is due to the non-decline in gas prices in the international market at the same pace as crude oil, along with policies to rationalize spending and diversify sources of income.
The international reserves and liquidity in foreign currencies of the Central Bank of Qatar increased last April by 6.3 percent year on year, to rise for the 26th consecutive month, recording 202.85 billion riyals ($56.3 billion).
The global rating agency Standard & Poor's has kept Qatar's outlook “stable”, revealing the government's ability to provide adequate fenders to withstand shocks.
According to the agency, Qatar's income levels are still among the highest-rated sovereign debt, which supports its strong credit position.
Source (New Arab newspaper, Edited)
