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Business / Qatar Business

Total broad money supply surges by 10.6% Y-o-Y to QR675bn in July

Published: 03 Sep 2022 - 09:16 am | Last Updated: 03 Sep 2022 - 09:16 am

QNA

Doha: Qatar’s total broad money supply (M2), which includes cash, checking deposits, and easily-convertible near money, rose by 10.6 percent to QR675bn in July compared to the same period last year (July 2021), according to the ‘Qatar Monthly Statistics’ report released by the Planning and Statistics Authority (PSA) yesterday.

On the other hand, cash equivalents including commercial bank deposits reached approximately QR965bn in July, showing an annual increase of 1.2 percent compared to July 2021, when deposits recorded approximately QR954bn.

The data also showed that the general index of the Qatar Stock Exchange (QSE) increased in July at a monthly rate of 9.7 percent, compared to June 2022, and an annual increase of 24.3 percent compared to July 2021.

Tourism data revealed that the total number of visitors to Qatar reached nearly 150,000, representing a monthly increase of 3.3 percent compared to June 2022, and an annual increase of 292.9 percent compared to July 2021. Visitors from the Gulf Cooperation Council (GCC) countries represented 62 percent. As for visitors by type of port, visitors by land represented the highest percentage, at 55 percent of the total number of visitors.

Regarding the data of buildings permits issued, the total number of permits has reached 550 permits in July 2022, recording a monthly decrease of 27.2 percent, and an annual increase of 3.4 percent.

The total number of registered new vehicles in July reached 5,849 new vehicles. The figure showed a monthly decrease of 27 percent and an annual increase of 7.5 percent.