Qatar Central Bank’s foreign exchange reserves increased by 2.65 percent
The international reserves and liquidity in foreign currencies at the Qatar Central Bank increased last November by 2.65 percent on an annual basis, reaching 261.502 billion riyals, compared to the same period last year, which amounted to 254.743 billion riyals.
Data issued by the Qatar Central Bank showed that the bank’s official international reserves increased by 3.14 percent by the end of last November, i.e. By 6.165 billion riyals, to reach 201.899 billion riyals, compared to the same period in 2024, while its balances of bonds and foreign treasury bills decreased by about 11.435 billion riyals, to 126.689 billion riyals last November compared to the same month last year.
The official reserves consist of main components, which are bonds and foreign treasury bills. And cash balances in foreign banks, gold holdings, Special Drawing Rights deposits, and the State of Qatar’s share in the International Monetary Fund, in addition to other liquid assets “representing deposits in foreign currency,” so that the two together constitute what is known as total international reserves.
In the same context, data showed an increase in gold stocks at the end of last November by about 22.786 billion riyals to 57.155 billion riyals, compared to the previous month. In November 2024, it reached a level of 34.369 billion riyals.
The balance of Special Drawing Rights deposits from the State of Qatar’s share with the International Monetary Fund also increased by the end of last November by 70 million riyals, compared to November 2024, reaching a level of 5.201 billion riyals.
On the other hand, balances with foreign banks declined by about 5.257 billion riyals, to the level of 12.852 billion riyals at the end of last November, compared to the same month last year.
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