Doha, Qatar— Qatar Central Bank has reported an increase in international reserves and foreign currency liquidity in March to $65 billion, an increase of 11.7 percent, compared to $58 billion in the same month last year.
The figures issued by the Qatar Central Bank today showed an increase in its official reserves at the end of last February, compared to what it was at the end of the same month last year, by about $7 billion, to reach $49 billion, driven by the increase in the central balances of bonds and foreign treasury bills.
About $5 billion, to the level of $38.46 billion in March 2023.
The official reserves consist of major components, which are foreign bonds and 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, there are other liquid assets (Foreign Currency Deposits), so the two together constitute what is known as the total foreign reserves.
In the same context, balances in foreign banks surged by about $3.29 billion to reach $7.41 billion at the end of March 2023.
Meanwhile, the State of Qatar’s shares of SDR deposits at the IMF decreased by the end of March 2023 with a value of $38 million compared to March 2022, reaching $1.45 billion.