Mubasher: Sheikh Abdullah bin Saud Al-Thani, governor of the Qatar Central Bank (QCB), on Wednesday said that his government has enough reserves to support banks in the face of sanctions imposed by other Arab countries.
“The government and the central bank are able to support banks with the holdings of the large sovereign wealth fund and the large state reserves,” according to Reuters, citing the QCB governor.
Domestic liquidity was up 8.3% at the end of July while the monetary base had grown 1.7%, Sheikh Abdullah said, however; he did not specify whether those growth rates were year-on-year or month-on-month.
Statistics for June, released on July 30, showed the QCB’s net international reserves rose by $10.4 billion from the previous month to $24.4 billion in June, Reuters added.
The central bank is several weeks late in releasing its monthly monetary statistics for July and August, and has not explained the delay or said when the data will be published, Reuters commented.
