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Business / Qatar Business

QCB's foreign reserves rise by 2.6% in March

Published: 08 Apr 2022 - 09:44 am | Last Updated: 08 Apr 2022 - 09:45 am
Peninsula

The Peninsula

International reserves and foreign currency liquidity at Qatar Central Bank (QCB) increased by 2.6 percent QR210.480bn in March 2022, compared to QR 204.993bn in the same period in 2021.

QCB's data indicated that the bank's official reserves increased at the end of March 2022 from March 2021 by about QR4.484bn to reach QR153.265bn, as a result of the rise in bonds and foreign treasury bills at Qatar Central Bank by about QR34.443bn, to reach QR121.086bn in March 2022.

International reserves consist of four main components: bonds and foreign treasury bills, deposits and cash balances with foreign banks, in addition to gold holdings of the Central Bank, special drawing rights (SDR) deposits, and the State of Qatar's share in the IMF. Other foreign currency liquid assets are added to the international 
reserves.