Doha: International reserves and foreign currency liquidity of the Qatar Central Bank jumped last March to reach QR237.095bn, an increase of 12.51 percent, compared to QR210.716bn in the same month last year.
The figures issued by the Qatar Central Bank today showed an increase in its official reserves at the end of last Month, compared to what it was at the end of the same month last year, by about QR25.486bn, to reach QR178.885bn, driven by the increase in the central balances of bonds and foreign treasury bills. About QR16.685bn, to the level of QR136.389bn in April 2023.
The official reserves consist of major components, which are foreign bonds and 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, there are other liquid assets (Foreign Currency Deposits), so the two together constitute what is known as the total foreign reserves.
On the other hand, gold stocks increased by the end of April 2023 by about QR9.603bn to reach QR21.378bn.
Meanwhile, the State of Qatar’s shares of SDR deposits at the IMF decreased by the end of March 2023 with a value of QR131m compared to April 2022, reaching QR5.320bn.
Balances in foreign banks also declined by about QR689m to reach QR15.797bn at the end of April 2023.
