Qatar, 9 January, 2025 : Qatar Central Bank (QCB) announced a 3.69% increase in its international reserves and foreign currency liquidity for December 2024, reaching QR255.003 billion, compared to QR245.928 billion in the same month of 2023.
The bank's official reserves saw a notable rise of approximately QR8.907 billion, totaling QR195.976 billion at the end of December. Despite this growth, there was a decline in QCB's holdings of foreign bonds and treasury bills, which dropped by QR6.562 billion to QR127.092 billion.
The official reserves include key components such as foreign bonds, treasury bills, cash balances with foreign banks, gold holdings, Special Drawing Rights (SDRs) deposits, and Qatar's quota at the International Monetary Fund (IMF). In addition to these, the total international reserves also account for foreign currency deposits, which, together with official reserves, form Qatar’s complete reserve assets.
Gold holdings saw a significant increase of QR9.428 billion, bringing the total to QR33.800 billion by December 2024, compared to the previous year. Furthermore, balances with foreign banks grew by QR6.218 billion, reaching a total of QR30.003 billion at the close of the year.
However, the balance of Qatar's SDR deposits at the IMF saw a slight decrease of QR177 million, bringing the total to QR5.050 billion by December 2024, compared to the same period in 2023.
Source : www.zawya.com
