DOHA: Qatar Central Bank (QCB)'s international reserves and foreign currency liquidity recorded QR 253.242 billion in September 2024 compared to QR 242.739 billion during the same month of 2023, a 4.32 percent Y-o-Y rise.
The data released by the QCB on Tuesday showed an increase in its official reserves at the end of September 2024, compared to what they were at the end of the same month in 2023, by around QR 10.342 billion to reach QR 194.286 billion, as a result of the increase in the QCB's balances of foreign bonds and treasury bills by around QR 4.637 billion to the level of QR 136.826 billion in September 2024.
The reserves consist of key 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.
Gold reserves increased, as of the end of September 2024, by around QR 12.851 billion compared to September 2023 to reach QR 34.077 billion.The balance of special drawing rights deposits from the State of Qatar's share with the IMF increased by QR 93 million by the end of September 2024, compared to September 2023, to reach QR 5.286 billion.
Balances with foreign banks declined by nearly QR 7.238 billion, to the level of QR 18.096 billion at the end of September 2024, compared to September 2023.
