Doha, November 07 (QNA) – The international reserves and foreign currency liquidity of Qatar Central Bank jumped last October by 4 percent, to reach QR 217.958 billion, compared to QR 209.574 billion in October 2021.
Figures issued by Qatar Central Bank today indicated that its official reserves increased at the end of last October, compared to what they were at the end of the same month last year, by about QR 7.381 billion to reach QR 160.278 billion, driven by the rise in the Central Bank’s balances of foreign bonds and treasury bills by about QR 6.076 billion to the level of QR 115,631 billion in October 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 International Monetary Fund.
In addition to the official reserves, other liquid assets (in foreign currency deposits) so that the two together constitute what is known as “total international reserves”.
On the other hand, the balance of Special Drawing Rights deposits from the State of Qatar’s share in the International Monetary Fund decreased by the end of October 2022 by QR 510 million, compared to October 2021, to reach the level of QR 5.063 billion.
Balances with foreign banks decreased by about QR 3.409 billion to the level of QR 22.521 billion at the end of October 2022, compared to October last year.
On the other hand, gold stocks rose by the end of October 2022 by about QR 5.224 billion to QR 17.062 billion.
(QNA)