International reserves and foreign currency liquidity at the Qatar Central Bank increased by 6.82 percent last November, to reach 223.99 billion riyals, or the equivalent of about ($61.5 billion), compared to 209.68 billion riyals in the same month of 2021.
Official data issued by the Qatar Central Bank revealed an increase in official reserves at the end of last month, by about 13.17 billion riyals; to reach 166.11 billion riyals. This was contributed by the increase in the Qatar Central Bank’s balances of bonds and foreign treasury bills by about 18.9 billion riyals, to the level of 124.66 billion riyals in November 2022.
The official reserves consist of foreign bonds and treasury bills; cash balances with foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the International Monetary Fund. In addition to the official reserves, other liquid assets are deposits in foreign currency, so the two together constitute what is known as the total international reserves.
On the other hand, the balance of special drawing rights deposits from the share of the State of Qatar in the International Monetary Fund decreased at the end of last month, to reach the level of 5.19 billion riyals, compared to 5.52 billion riyals in November 2021. Balances with foreign banks decreased by about 12.34 billion riyals to 17.47 billion riyals, compared to the same month last year. Gold stocks rose by about 6.94 billion riyals to 18.79 billion riyals.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
