Qatar Central Bank's international reserves and foreign currency liquidity jumped in November to reach QR244.815bn, an increase of 9.3%, compared to QR223.985bn in the same month last year.
The figures released Friday by QCB showed an increase in its official reserves at the end of last month, compared to what it was at the end of the same month last year, by about QR19.813bn, to reach QR185.922bn, driven by the increase in the central balances of bonds and foreign treasury bills of about QR11.991bn, to the level of QR136.947bn in November 2023.
Gold reserves increased, as of the end of November 2023, by about QR4.948bn, compared to the same month last year, to reach QR23.737bn.
Meanwhile, Qatar's shares of SDR deposits at the IMF increased as of the end of November by QR76mn compared to the same month last year, reaching QR5.269bn.
Balances in foreign banks increased by about QR2.799bn to reach QR20.269bn at the end of November 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.
