Qatar Central Bank's Foreign Currency Reserves Exceed QR 215 Billion in September 2022

Doha, October 06 (QNA) - The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.77 percent to reach QR 215.189 billion in September compared to QR 209.404 billion in September 2021. The figures issued by the QCB Thursday showed that QCB's official reserves increased by the end of September 2022 compared to the last year by about QR 4.681 billion to reach QR 157.473 billion, driven by the increase in the QCB's balances of bonds and foreign treasury bills by about QR 4.887 billion to the level of QR 111.542 billion in September 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) so that the two together constitute what is known by the total foreign reserves. On the other hand, the State of Qatar's shares of SDR deposits at the IMF decreased by the end of September 2022 with a value of QR 521 million compared to September 2021 to reach QR 5.034 billion. In the same context, balances with foreign banks decreased by about QR 5.135 billion to reach the level of QR 23.674 billion at the end of September 2022, compared to September 2021. On the other hand, gold increased by the end of September 2022 by about QR 5.449 billion to reach QR 17.222 billion. (QNA)