The international reserves and liquidity in foreign currency of the Qatar Central Bank increased last September, by 4.32 percent, to reach 253.242 billion riyals, compared to 242.739 billion riyals in the same month of 2023.
Data issued by the Qatar Central Bank, today, showed an increase in its official reserves at the end of last September, compared to what they were at the end of the same month in the year 2023, by about 10.342 billion riyals, to reach 194.286 billion riyals, as a result of the increase in the Central Bank’s balances of bonds and treasury bills. Foreign investments amounted to about 4.637 billion riyals, to the level of 136.826 billion riyals in September 2024.
Official reserves consist of main components: foreign bonds and treasury bills, cash balances with foreign banks, gold holdings, Special Drawing Rights deposits, and the State of Qatar’s share in the International Monetary Fund.
Other liquid assets are added to the official reserves, “consisting of deposits in foreign currency,” so that the two together constitute what is known as total international reserves.
Gold stocks increased by the end of last September by about 12.851 billion riyals, compared to September 2023, to 34.077 billion riyals.
The balance of Special Drawing Rights deposits from the State of Qatar’s share with the International Monetary Fund increased by the end of last September by 93 million riyals, compared to September 2023, reaching a level of 5.286 billion riyals.
On the other hand, balances with foreign banks declined by about 7.238 billion riyals, to the level of 18.096 billion riyals at the end of September this year, compared to September of 2023.