QCB Foreign Currency Reserves Top Qr215bn In September| MENAFN.COM

Saturday, 26 November 2022 04:26 GMT

QCB Foreign Currency Reserves Top Qr215bn In September

(MENAFN- Gulf Times)

The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.77% to reach QR215.189bn in September compared to QR209.404bn in September 2021.
The figures issued by the QCB on Thursday showed that the bank's official reserves increased by the end of September 2022 compared to the last year by about QR4.681bn to reach QR157.473bn, driven by the increase in the QCB's balances of bonds and foreign treasury bills by about QR4.887bn to the level of QR111.542bn in September 2022.
The reserves consist of four categories: foreign securities, balances with foreign banks, gold, and Special Drawing Rights (SDR), and the State of Qatar's share at the International Monetary Fund (IMF). In addition to the official reserves, there are other liquid assets (Foreign Currency Deposits) so that the two together constitute what is known by the total foreign reserves.
On the other hand, the State of Qatar's shares of the SDR deposits at the IMF decreased by the end of September 2022 with a value of QR521mn compared to September 2021 to reach QR5.034bn.
In the same context, balances with foreign banks decreased by about QR5.135bn to reach the level of QR23.674bn at the end of September 2022, compared to September 2021.
On the other hand, gold increased by the end of September 2022 by about QR5.449bn to reach QR17.222bn.


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