Doha: The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.89 percent YoY to reach QR250.981bn in July 2024 compared to QR241.572bn in the same period of 2023.
The figures released on Wednesday by QCB showed an increase in its official reserves at the end of July 2024, compared to what it was at the end of the same month in 2023, by roughly QR9.038bn to reach QR192.157bn, owing to the increase in QCB’s balances of foreign bonds and treasury bills by around QR1.091bn, to reach QR138.697bn in July 2024.
The reserves consist of key categories: bonds and foreign treasury bills, balances with foreign banks, gold, and Special Drawing Rights (SDR), and the State of Qatar’s share at the International Monetary Fund (IMF).
Gold reserves increased, as of the end of July 2024, by about QR8.551bn compared to July 2023 to reach QR30.682bn.
Balances with foreign banks declined by nearly QR457m, to the level of QR17.610bn at the end of July 2024, compared to July 2023.
The balance of special drawing rights deposits from the State of Qatar’s share with the IMF decreased by QR147m by the end of July 2024, compared to July 2023, reaching QR5.166bn.
