QNA
Doha
The foreign currency reserves and liquidity of the Qatar Central Bank (QCB) increased by 6.82 percent to reach QR223.985 billion in November compared to QR209.675 billion in November 2021.
The figures issued by the QCB on Wednesday showed that QCB’s official reserves increased by the end of November 2022 year-on-year by about QR13.169 billion to reach QR166.109 billion, driven by the increase in the QCB’s balances of bonds and foreign treasury bills by about QR18.896 billion to the level of QR124.656 billion in November 2022.
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 MonetaryFund (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 November 2022 with a value of QR330 million compared to November 2021 to reach QR5.193 billion.
In the same context, balances with foreign banks decreased by about QR12.340 billion to reach QR17.470 billion at the end of November 2022, compared to November 2021.
Gold stocks increased by the end of November 2022 by about QR6.943 billion to reach QR18.789 billion.
Meanwhile, Qatar Central Bank (QCB) issued Treasury Bills worth QR500 for a one-week term, due on December 13, at an interest rate of 4.5050 percent.
The auction is among the mechanisms for promoting issuances announced by the QCB on September 21, 2022.
The Qatar Central Bank issued treasury bills for periods of one week at a value of QR2.5 billion, and for one month, three, six and nine months worth QR 6 billion, and the auction attracted bids totaling QR 9.75 billion.
