a day ago
Qatar Central Bank's foreign exchange reserves rise by 3.60%
DOHA: Qatar Central Bank's (QCB) international reserves and foreign currency liquidity rose by 3.60 percent year-on-year in May, reaching R 258.135 billion, compared to QR249.165 billion in the same period last year.
Figures released by the Qatar Central Bank showed that its official international reserves rose by 4.57 percent, or QR8.706 billion, to QR198.912 billion at the end of May, compared to the same period in 2024.
Meanwhile, the central bank's holdings of foreign bonds and treasury bills declined by approximately QR6.044 billion, to QR132.904 billion in May, compared to the same month of the previous year.
Official reserves consist of the following main components: foreign treasury bonds and bills, cash balances held in foreign banks, gold holdings, special drawing rights deposits, and Qatar's share in the International Monetary Fund.
In addition to official reserves, other liquid assets (foreign currency deposits) form what is known as total international reserves.
In the same context, data showed that gold stocks rose by approximately QR16.012 billion to QR44.339 billion by the end of May 2024, compared to QR28.327 billion in May 2024.
Qatar's Special Drawing Rights (SDR) deposits at the International Monetary Fund (IMF) also increased by QR67 million at the end of May, compared to May 2024, reaching QR5.253 billion.
Separately, balances held with foreign banks declined by approximately QR1.328 billion, reaching QR16.416 billion by the end of May, compared to the same month in 2024.
