Doha: The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 11.15 percent to reach QR233.752bn in January 2023 compared to QR210.290bn in January 2022.
The figures issued by the QCB yesterday showed that QCB’s official reserves increased by the end of January 2023 year-on-year by about QR22.782bn to reach QR175.784bn, driven by the increase in the QCB’s balances of bonds and foreign treasury bills by about QR22.498bn to the level of QR138.667bn in January 2023.
The reserves consist of four categories: bonds and foreign treasury bills, balances with foreign banks, gold, and Special Drawing Rights (SDR), and 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), so the two together constitute what is known as the total foreign reserves.
On the other hand, the State of Qatar’s shares of SDR deposits at the IMF decreased by the end of January 2023 with a value of QR171m compared to January 2022, reaching QR5.317bn .
In the same context, balances in foreign banks decreased by about QR 8.309bn to reach QR 11.142bn at the end of January 2023, compared to January 2022. On the other hand, gold stocks increased by the end of January 2023 by about QR8.763bn to reach QR20.656bn.
