Doha: The Qatar Central Bank's (QCB) foreign currency reserves and liquidity increased by 2.77 percent in September to QR215.189bn, up from QR209.404bn in September 2021.
The figures issued by the QCB on Thursday showed that the QCB's official reserves increased by the end of September 2022 compared to the last year by about QR4.681bn to reach QR157.473bn, driven by the increase in the QCB's balances of bonds and foreign treasury bills by about QR4.887bn to the level of QR111.542bn in September 2022.
The reserves consist of four categories: foreign securities, balances with foreign banks, gold; Special Drawing Rights (SDR), and Qatar's share at the International Monetary Fund (IMF).
In addition to the official reserves, there are other liquid assets (foreign currency deposits) so that the two together constitute what is known by the total foreign reserves.
On the other hand, Qatar's shares of SDR deposits at the IMF decreased by the end of September 2022 with a value of QR521m compared to September 2021 to reach QR5.034bn.
In the same context, balances with foreign banks decreased by about QR5.135bn to reach a level of QR23.674bn at the end of September 2022, compared to September 2021.
On the other hand, gold increased by the end of September 2022 by about QR5.449bn, to reach QR17.222bn.
