Qatar Central Bank data showed that the total cash reserve at the banking system reached 109.6 billion riyals at the end of May, compared to 110.7 billion riyals in April, 87 billion riyals in May 2019, and about 70.2 billion in May 2018.
According to the data, the mandatory reserve, which constitutes 36.5% of the reserve money, stabilized in May at the level of 40 billion riyals, compared to 40.5 billion in April, and 36.5 billion a year ago. While the surplus reserves balance with banks, which are deposited with the Qatar Central Bank, decreased by about 1.75 billion riyals to 17.12 billion riyals, compared to 18.87 billion last April, and 6.79 billion riyals a year ago.
The balance of bank deposits at Qatar Central Bank increased by about 0.77 billion to reach 26.88 billion riyals, compared to 26.11 billion last April, and 24 billion riyals a year ago. This corresponds to the reserve money referred to, equal to what is known as the corresponding assets, and it consists of net foreign assets, and net domestic assets.
Source (Al-Raya Newspaper-Qatar, Edited)
