{"id":184079,"date":"2021-01-10T08:24:00","date_gmt":"2021-01-10T08:24:00","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=184079"},"modified":"2021-01-10T08:24:07","modified_gmt":"2021-01-10T08:24:07","slug":"qatar-reserves-continue-to-grow-despite-covid","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/qatar-reserves-continue-to-grow-despite-covid\/","title":{"rendered":"Qatar Reserves Continue To Grow Despite Covid"},"content":{"rendered":"\n

Official data revealed an increase in international reserves and liquidity in foreign currencies of the Qatar Central Bank during 2020.<\/p>\n\n\n\n

Qatar’s international reserves rose by 3.2%, that is $1.77 billion, in an increase for the thirty-fourth consecutive month.<\/p>\n\n\n\n

Data showed foreign reserves rose to 204.754 billion riyals ($56.74 billion) last December.<\/p>\n\n\n\n

Stimulus packages<\/strong><\/h5>\n\n\n\n

Qatar’s foreign exchange reserves have continued to rise on a monthly basis since they began growing in March 2018, recording their highest since August 2015.<\/p>\n\n\n\n

The Qatari reserves improved, despite the Coronavirus pandemic, after approving stimulus packages<\/a> of 75 billion riyals ($20.73 billion).<\/p>\n\n\n\n

Official reserves consist of foreign bonds and treasury bills, cash deposits and balances in foreign banks, gold holdings, deposits of special drawing rights, and Qatar\u2019s share in the IMF.<\/p>\n\n\n\n

In addition to official reserves, there are other liquid assets in foreign currency that together constitute the so-called “total international reserves”.<\/p>\n\n\n\n

Official reserves rise<\/strong><\/h5>\n\n\n\n

Official reserves at Qatar Central Bank increased by the end of last April by 292 million riyals to 147.4 billion riyals.<\/p>\n\n\n\n

Total international reserves, including liquidity in foreign currency, increased by 1.55 billion riyals, to reach about 202.9 billion riyals, an increase of 12.1 billion riyals, or 6.3% compared to April 2019.<\/p>\n\n\n\n

According to the bank’s website, the reserves increased by 0.11% on a monthly basis, compared to 203,735 billion riyals ($56.5 billion) in August 2020.<\/p>\n\n\n\n

Last September, Central Bank data showed that foreign reserves rose to 203.90 billion riyals ($56.6 billion).<\/p>\n\n\n\n

In contrast, reserves at the Central Bank amounted to 197.072 billion riyals ($54.7 billion) in September 2019.<\/p>\n\n\n\n

<\/p>\n\n\n\n

More on Qatar:<\/strong><\/p>\n\n\n\n

Qatar Agrees With \u2018Enel\u2019 To Invest In Green Energy Projects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Official data revealed an increase in international reserves and liquidity in foreign currencies of the Qatar Central Bank during 2020. Qatar’s international reserves rose by 3.2%, that is $1.77 billion, in an increase for the thirty-fourth consecutive month. Data showed foreign reserves rose to 204.754 billion riyals ($56.74 billion) last December. Stimulus packages Qatar’s foreign […]<\/p>\n","protected":false},"author":4,"featured_media":184080,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-184079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nQatar Reserves Continue To Grow Despite Covid - BNReport<\/title>\n<meta name=\"description\" content=\"BNReport - Finance - Qatar international reserves and liquidity in foreign currencies in Qatar Central Bank increased during 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/qatar-reserves-continue-to-grow-despite-covid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qatar Reserves Continue To Grow Despite Covid - 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