Mubasher: Qatar's foreign reserves dropped 17% year-on-year, or QAR 137.74 billion ($37.57 billion), in March 2018, according to the Qatar Central Bank’s (QCB) monthly monetary bulletin on Monday.
Since June 2017, overseas reserves of the gas-rich nation lost 17.3% or QAR 28.79 billion to register QAR 166.53 billion after four Arab countries — the UAE, Bahrain, Saudi Arabia and Egypt — severed their economic and diplomatic ties with Qatar.
Month-on-month, international reserves of the world's richest country per capita inched up 0.6% in the third month of 2018, compared to QAR 136.8 billion in February.
Qatar’s foreign reserves include QAR 45.1 billion in deposits at international banks, in addition to foreign-currency liquid assets and gold with QAR 72.6 billion and QAR 4.12 billion, respectively.
