Qatar Central Bank data showed that the total international reserves in foreign currency of the Qatar Central Bank continue to grow and reach, at the end of May, to the level of 203 billion riyals.
The official reserves consist of four main components, foremost among which are: bonds and foreign treasury bills, deposits and cash balances with foreign banks, the central bank holdings of gold, deposits of special drawing rights, and the State of Qatar’s share with the International Monetary Fund. In addition to the official reserves are other liquid assets in foreign currency, so that the two together constitute what is known as the total international reserves.
The data showed that the official reserves of Qatar Central Bank increased by the end of May, slightly to the level of 147.46 billion riyals (or $40.3 billion), while the total international reserves, including liquidity in foreign currency, increased slightly, to reach about 202.98 billion riyals (55.8 billion dollars), and that it has increased by about 10 billion riyals, or 5.8% from what it was a year ago in May 2019, and it increased by 24.4% from two years ago in May 2018.
According to the data of the Qatar Central Bank, official reserves increased during the month of May 2020 to the level of 147.5 billion riyals, as a result of the rise in bonds and treasury bills with the Qatar Central Bank by about 21.6 billion riyals, to reach the level of 106.3 billion riyals, and the decrease in balances with foreign banks by about 21.7 billion riyals to 30.7 billion riyals, and the increase in gold stocks by 85 million riyals to 8.55 billion riyals, in addition to the stability of deposits of special drawing rights and the share of the State of Qatar with the Fund, at the level of 1.88 billion riyals. According to the annual comparisons with May 2019; International reserves and liquidity together with the bank witnessed an increase of about 11.1 billion riyals; or 5.8% to 202.98 billion riyals.
Source (Al-Raya Newspaper-Qatar, Edited)
