The Qatar Central Bank (QCB)'s international reserves and foreign currency liquidity recorded QR252.3bn in August 2024 with a 4% Y-o-Y rise.
Data released by the QCB on Monday unveiled a 5.2% increase in official reserves at the end of August 2024 to reach QR193.417bn, up from QR9.541bn in the same period of the previous year, thanks to a QR389mn increase in foreign bonds and treasury bills to register QR139.682 in August 2024.
Gold reserves at the end of August 2024 made a QR9.921bn Y-o-Y jump to reach QR31.861bn.
Composed mainly of 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), the official reserves include other liquid assets (foreign currency deposits), to form the total foreign reserves.
Meanwhile, balances with foreign banks saw a QR754mn decline at the end of August 2024 versus the same period last year, to hover around QR16.231bn.
The balance of SDR deposits from Qatar's share with the IMF decreased by QR15mn by the end of August 2024, compared to QR5.252bn in August 2023.
The QCB
