QCB foreign currency reserves rise to QR211.325bn in July
August 07 2022 08:40 PM
Cars drive past the building of the Qatar Central Bank in Doha.

QNA/Doha

The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.79% to reach QR211.325bn in July compared to QR205.575bn in July 2021.

The figures issued by the QCB on Sunday showed that its official reserves increased by the end of July 2022 than last year's by about QR4.775bn to reach QR153.890bn.
This was driven by the increase in the central balances of bonds and foreign treasury bills by about QR19.522bn to the level of QR113.142bn in July 2022.
The reserves consist of four categories: foreign securities, 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), which together constitute the total foreign reserves.
In the same context, Qatar's shares of SDR deposits at the IMF increased by the end of July 2022 with a value of QR3.226bn compared to July 2021 to reach QR5.193bn.
On the other hand, balances with foreign banks decreased by about QR20.695bn to reach the level of QR20.612bn at the end of July 2022, compared to July 2021.
Gold increased by the end of July 2022 by about QR2.7bn to reach QR14.940bn.



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