Qatar Central Bank data showed an increase in the total reserve money in the banking system, by the end of January 2022, to a level of 107.2 billion riyals, compared to 102.5 billion riyals at the end of December 2021. Thus, the reserve money constitutes 51 percent of the cash reserves of the bank, which in January amounted to about 210.3 billion riyals.
The issued cash stabilized with a slight decrease from last December to 24.52 billion riyals, and it was at the level of 26.6 billion riyals a year ago in January 2021. The mandatory reserve stabilized at the end of January, with a slight increase from December, to the level of 43.9 billion riyals. However, the mandatory reserve ratio of reserve money fell in January to 41 percent, compared to 42.5 percent last December.
The surplus of reserve balances, which banks deposit with the Qatar Central Bank, decreased to 9.3 billion riyals from 10.1 billion riyals in December. As for bank deposits with the Qatar Central Bank, their balance increased by about 5.2 billion riyals, to reach 29.4 billion riyals, compared to 24.18 billion riyals last December, which was at the level of 25.53 billion riyals a year ago at the end of January 2021. Net foreign assets reached 148.6 billion riyals in January, compared to 148.8 billion riyals in December, and 147.8 billion riyals a year ago in January 2021.
Source (Al-Raya Qatari Newspaper, Edited)
