The international reserves and foreign currency liquidity of the Qatar Central Bank increased last March by 11.8 percent, to reach 235.253 billion riyals, compared to 210.480 billion riyals in the same month last year.
The figures issued by the Qatar Central Bank today showed an increase in its official reserves at the end of last month, compared to what it was at the end of the same month last year, by about 23.869 billion riyals, to reach 177.134 billion riyals, driven by an increase in the central balances of bonds and foreign treasury bills by about 2.167 billion riyals, to the level of 123.253 billion riyals in March 2023.
The official reserves consist of major components, which are foreign bonds and bills, cash balances with foreign banks, gold holdings, special drawing rights deposits, and Qatar’s share in the International Monetary Fund.
In addition to the official reserves, other liquid assets (representing deposits in foreign currency), so that the two together form what is known as "total international reserves". Balances with foreign banks also increased by about 12.169 billion riyals, to the level of 27.294 billion riyals at the end of last March, compared to March of last year. In the same context, gold stocks rose by the end of last month by about 9.671 billion riyals to 21.272 billion riyals. On the other hand, the balance of special drawing rights deposits from the share of the State of Qatar in the International Monetary Fund decreased at the end of last March by 137 million riyals, compared to March 2022, to reach the level of 5.314 billion riyals.
