The total international reserves and foreign currency liquidity at the Qatar Central Bank increased by the end of May 2023 by 1.1 percent on a monthly basis, and by 13.6 percent compared to the corresponding month last year to reach $ 65.9 billion (the highest ever).
Qatar's foreign reserve growth last month was supported by a 20.2 percent month-on-month rise in the value of foreign bank balances to about $5.2 billion. The value of gold holdings fell 1.6 percent to $5.8 billion.
Qatar's foreign reserves at the end of last month accounted for 34 percent of the country's gross domestic product, covering 95 percent of the total public debt, and financing merchandise imports for more than 24 months.
Source (CNBC Arabic Website, Edited)
