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Business / Qatar Business

QCB foreign currency reserves 11.7% in Feb

Published: 10 Mar 2023 - 10:50 am | Last Updated: 10 Mar 2023 - 10:51 am
Peninsula

QNA

Doha: International reserves and foreign currency liquidity of the Qatar Central Bank jumped last February to reach QR 234.946 billion, an increase of 11.7 percent, compared to QR 210.395 billion 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 February, compared to what it was at the end of the same month last year, by about QR23.642bn, to reach QR176.849bn, driven by the increase in the central balances of bonds and foreign treasury bills. 

About QR17.065bn, to the level of QR139.862bn in February 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.