QCB’s foreign currency reserves rise to QR211.325 bn in July 2022

August 8, 2022

QNADohaThe foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.79 percent to reach QR211.325 billion in July compared with QR 205.575 billion in July 2021.The figures issued by the QCB on Sunday showed that QCB’s official reserves increased by the end of July 2022 than last year’s by about QR4.775 billion to reach QR 153.890 billion. This is driven by the increase in the central balances of bonds and foreign treasury bills by about QR19.522 billion to the level of QR113.142 billion in July 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) which both 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 QR3.226 billion compared to July 2021 to reach QR5.193 billion.On the other hand, balances with foreign banks decreased by about QR20.695 billion to reach the level of QR20.612 billion at the end of July 2022, compared to July 2021.Gold increased by the end of July 2022 by about QR2.7 billion to reach QR14.940 billion.

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