Mubasher: Qatar’s foreign-currency reserves rose 31.2% year-on-year in October, according to recent official data released by the Qatar Central Bank (QCB) released on Thursday.
The GCC nation’s international reserves grew to QAR 172.48 billion ($47.65 billion) in October, compared to QAR 131.47 billion ($36.32 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 went up 1.96% in October, versus QAR 169.17 billion in September.
Foreign-currency liquid assets totaled QAR 96.59 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 1.93 billion in August, while the gas-rich country’s gold holdings reached QAR 4.47 billion.
