Mubasher: Qatar’s foreign-currency reserves rose 30.5% year-on-year in September, the highest level in two years, according to recent official data released by the Qatar Central Bank (QCB) released Wednesday.
The GCC nation’s international reserves grew to QAR 169.17 billion ($46.72 billion) in September, compared to QAR 129.60 billion ($35.79 billion) in the same month a year earlier, the QCB’s monthly monetary bulletin revealed.
On a monthly basis, the Persian country’s foreign reserves rose 1.7% in September, versus QAR 166.4 billion in August.
Foreign-currency liquid assets totaled QAR 98.39 billion last month, in addition to overseas treasury bonds and bills of QAR 53.73 billion.
However, Qatar’s special drawing rights (SDRs) held with the International Monetary Fund (IMF) recorded QAR 1.390 billion in August, while the gas-rich country’s gold holdings reached QAR 4.36 billion.
