Qatar’s international reserves may exceed $41bn in 2023, from the current $35.6bn, FocusEconomics estimated and noted it will cover 11.3 months of country’s imports.
Qatar’s international reserves will touch nearly $35bn in 2023 compared with $30bn this year, a new report has shown.
The country’s international reserves totalled $13.8bn in 2017, according to FocusEconomics. This year, it may touch $16.6bn, $19.3bn in 2021 and $21.7bn in 2022.
Qatar Central Bank's international reserves and foreign currency liquidity rose slightly in December, official data showed.
International reserves and foreign currency liquidity stood at $45.8bn in May, before the diplomatic crisis erupted.
The Qatar Central Bank (QCB) raised its overnight lending rate by 25 basis points to 5%, clearly tracking the US Federal Reserve, which on Wednesday tightened policy by a similar margin.