The international reserves and foreign currency liquidity of Qatar Central Bank increased by 2 percent to reach QR 213.532 billion ($59 billion) last August, compared to QR 209.323 billion ($57 billion) in the corresponding month of 2021.
The figures issued by Qatar Central Bank today indicated that the official reserves of the bank increased by the end of August than they were at the end of August 2021 by about QR 3.179 billion to reach QR 155.937 billion, driven by the increase in the central banks balances of bonds and foreign treasury bills by about QR 14.819 billion to a level of QR 116.237 billion 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 are in foreign currency deposits and the two together constitute what is known as “total international reserves”.
On the other hand, the balance of special drawing rights deposits from Qatar’s share in the International Monetary Fund decreased by the end of August 2022 by QR 482 million compared to August 2021, to reach the level of QR 5.134 billion.
Balances with foreign banks decreased by QR 14.607 billion to the level of QR 19.100 billion 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 QR 3.449 billion to reach QR 15.465 billion.