Mubasher: Qatar’s foreign-currency reserves rose 0.8% month-on-month in August, according to recent official data released by the Qatar Central Bank (QCB).
The GCC nation’s international reserves grew to QAR 166.4 billion ($45.7 billion) in August, compared to QAR 165.1 billion ($45.3 billion) in July, the QCB’s monthly monetary bulletin revealed.
On a yearly basis, the Persian country’s foreign reserves jumped 17% in August, versus QAR 141.8 billion ($38.9 billion) in the same period of the prior year.
Foreign-currency liquid assets totalled QAR 72 billion last month, in addition to overseas treasury bonds and bills of QAR 39.4 billion.
However, Qatar’s special drawing rights (SDRs) held with the International Monetary Fund (IMF) recorded QAR 1.39 billion in August, while the gas-rich country’s gold holdings reached QAR 3.7 billion.
