Qatar Central Bank’s international reserves and foreign currency liquidity rose by 3.89 percent in July, reaching QAR 250.981 billion, compared to QAR 241.572 billion 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 July, compared to what they were at the end of the same month in 2023, by about 9.038 billion riyals, to reach 192.157 billion riyals, as a result of the increase in the Central Bank’s balances of foreign bonds and treasury bills by about 1.091 billion riyals, to the level of 138.697 billion riyals in July 2024.
Official reserves consist of the following main components: foreign treasury bonds and bills, cash balances in foreign banks, gold holdings, special drawing rights deposits, and the State of Qatar’s share in the International Monetary Fund.
In addition to official reserves, other liquid assets (foreign currency deposits) are added, so that the two together constitute what is known as total international reserves.
The gold stock increased by the end of last July by about 8.551 billion riyals, compared to July 2023, to 30.682 billion riyals.
On the other hand, balances in foreign banks decreased by about 457 million riyals, to 17.610 billion riyals by the end of July this year, compared to July 2023.
The balance of Special Drawing Rights deposits from the State of Qatar’s share in the International Monetary Fund also decreased by the end of last July by 147 million riyals, compared to July 2023, to reach 5.166 billion riyals.
