The international reserves and foreign currency liquidity of the Qatar Central Bank increased by 2.010% to reach QR213.532bn last August, compared to QR209.323bn in the corresponding month of 2021.
The figures issued by the QCB on Wednesday indicated that the official reserves of the bank increased by the end of August of this year than they were at the end of August 2021 by about QR3.179bn to reach QR155.937bn, driven by the increase in the central bank's balances of bonds and foreign treasury bills by about QR14.819bn to a level of QR116.237bn in August 2022.
Official reserves consist of four main components: Foreign bonds and treasury 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, other liquid assets (in foreign currency deposits) together constitute what is known as "total international reserves". On the other hand, the balance of special drawing rights deposits from the State of Qatar's share in the IMF decreased by the end of August 2022 by QR482mn compared to August 2021, to reach the level of QR5.134bn.
Balances with foreign banks decreased by QR14.607bn to the level of QR19.100bn at the end of August 2022 compared to August last year.
On the other hand, gold stocks rose by the end of August 2022 by about QR3.449bn to reach QR15.465bn.
The figures issued by the QCB on Wednesday indicated that the official reserves of the bank increased by the end of August of this year than they were at the end of August 2021 by about QR3.179bn to reach QR155.937bn, driven by the increase in the central bank's balances of bonds and foreign treasury bills by about QR14.819bn to a level of QR116.237bn in August 2022.
Official reserves consist of four main components: Foreign bonds and treasury 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, other liquid assets (in foreign currency deposits) together constitute what is known as "total international reserves". On the other hand, the balance of special drawing rights deposits from the State of Qatar's share in the IMF decreased by the end of August 2022 by QR482mn compared to August 2021, to reach the level of QR5.134bn.
Balances with foreign banks decreased by QR14.607bn to the level of QR19.100bn at the end of August 2022 compared to August last year.
On the other hand, gold stocks rose by the end of August 2022 by about QR3.449bn to reach QR15.465bn.