Doha: The Qatar Central Bank (QCB) international reserves and foreign currency liquidity increased 2.82 percent, reaching QR211.060bn in May, against QR205.261bn of the same month last year.
The QCB published figures yesterday showing that the official QCB reserves increased by QR4.776bn at the end of May compared to that of May 2021, to become QR153.772bn.
The QCB foreign securities increased its bonds and foreign treasury bills by QR35.266bn to the level of QR115.314bn in May 2022.
The reserves consist of four categories: foreign securities, balances with foreign banks, gold, and Special Drawing Rights (SDR), in addition to the State of Qatar’s share at the International Monetary Fund (IMF). In addition to the official reserves, there are other liquid assets (Foreign Currency Deposits) which both together constitute the total foreign reserves.
Similarly, the State of Qatar’s shares of SDR deposits at the IMF increased at the end of May 2022 by QR3.337bn, compared to May 2021, reaching the level of QR5.323bn.
In contrast, balances with foreign banks decreased by QR33.510bn, to the level of QR20.815bn by end of May 2022, compared to the same month of the past year. As for Gold, it also experienced a decline by end of May 2022 by QR318bn to QR12.318bn.
