Qatar’s FX rise by 3.88% in ’24

The Qatar Central Bank’s (QCB) foreign currency reserves (FX) and liquidity rose by 3.88 per cent year-on-year (YoY) to QR 250.091 billion in June 2024, up from QR 240.742 billion in June 2023.

The official reserves increased by QR 8.704 billion, reaching QR 191.110 billion, due to a QR 4.386 billion rise in foreign bonds and treasury bills, which totaled QR 139.068 billion in June 2024.

The reserves include bonds, foreign treasury bills, foreign bank balances, gold, Special Drawing Rights (SDR), and Qatar’s share at the IMF. Total FX also encompass other liquid assets like Foreign Currency Deposits.

Gold reserves increased by QR 8.124 billion, reaching QR 28.977 billion by the end of June 2024. However, foreign bank balances fell by QR 3.633 billion to QR 17.950 billion, and SDR deposits from Qatar’s IMF share decreased by QR 174 million to QR 5.113 billion.

Attribution: Qatar News Agency ( QNA)