Doha, Qatar—The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 6.82 percent to reach QR 223.985 billion ($61.51 billion) in November compared to QR 209.675 billion in November 2021.
The figures issued by the QCB show the bank’s official reserves increased by the end of November 2022 year-on-year by about QR 13.169 billion to reach QR 166.109 billion, driven by the increase in the QCB’s balances of bonds and foreign treasury bills by about QR 18.896 billion to the level of QR 124.656 billion in November 2022.
The reserves consist of four categories: bonds and foreign treasury bills, 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 the two together constitute what is known as the total foreign reserves.
Qatar’s shares of SDR deposits at the IMF decreased by the end of November 2022 with a value of QR 330 million compared to November 2021 to reach QR 5.193 billion, while balances with foreign banks decreased by about QR 12.340 billion to reach QR 17.470 billion at the end of November 2022, compared to November 2021.
On the other hand, gold stocks increased by the end of November 2022 by about QR 6.943 billion to reach QR 18.789 billion.