Doha: Qatar Central Bank’s (QCB) international reserves and foreign currency liquidity increased by 2.82% to reach 21.106 billion QR in May, compared to 20.526 billion QR in the same month of the previous year.
QCB yesterday released figures showing that the official QCB reserve increased by 4.776 billion QR at the end of May compared to May 2021 to 15.3772 billion QR.
In May 2022, QCB’s foreign securities increased bonds and foreign Treasury securities by 3.526 billion QR to the level of 115.314bn QR.
Reserves consist of four categories: foreign securities, balances with foreign banks, gold, and special drawing rights (SDRs), in addition to Qatar stocks in the International Monetary Fund (IMF). In addition to foreign exchange reserves, there are other liquid assets (foreign currency deposits), both of which together make up the total foreign exchange reserves.
Similarly, the share of SDR deposits in the IMF in Qatar increased by QR333.7 billion QR at the end of May 2022 compared to May 2021 to reach the level of 5.323 billion QR.
In contrast, the balance with foreign banks decreased by 3.351 billion QR by the end of May 2022 to reach the level of 20.815bnQR compared to the same month of the previous year. By the end of May 2022, gold also decreased by 318 billion QR to 1.2318 billion QR.