Qatar Central Bank's Foreign Currency Reserves Rise to QR 211.325 Billion in July 2022

By A Robin - August 07, 2022

Qatar Central Bank

The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 2.79 percent to reach QR 211.325 billion in July compared with QR 205.575 billion in July 2021.

The figures issued by the QCB Sunday showed that QCB's official reserves increased by the end of July 2022 than last year's by about QR 4.775 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 QR 19.522 billion to the level of QR 113.142 billion 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 both together constitute the total foreign reserves.

In the same context, the State of Qatar's shares of SDR deposits at the IMF increased by the end of July 2022 with a value of QR 3.226 billion compared to July 2021 to reach QR 5.193 billion.

On the other hand, balances with foreign banks decreased by about QR 20.695 billion to reach the level of QR 20.612 billion at the end of July 2022, compared to July 2021.

Gold increased by the end of July 2022 by about QR 2.7 billion to reach QR 14.940 billion.

(QNA)