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Qatar Central Bank’s Foreign Reserves Grow by 3.7% in January

Doha – Qatar Central Bank (QCB) reported a 3.7% increase in its international reserves and foreign currency liquidity in January 2025. The reserves reached QR255.166 billion, compared to QR246.047 billion in the same period last year.

According to data released by QCB, official reserves rose by approximately QR8.942 billion year-on-year. This brought the total to QR196.097 billion. This increase occurred despite a decline in the central bank’s foreign bond and treasury bill holdings. These holdings fell by QR7.551 billion to QR128.863 billion.

QCB’s official reserves include foreign bonds and treasury bills, cash balances with foreign banks, and gold holdings. Special Drawing Rights (SDRs) deposits and Qatar’s quota at the International Monetary Fund (IMF) are also included. When combined with other liquid foreign currency deposits, these form the total international reserves.

Gold holdings saw a significant rise of QR12.582 billion, reaching QR36.651 billion by the end of January. Additionally, balances with foreign banks increased by QR4.059 billion. This brought the total to QR25.526 billion compared to the same period in 2024.

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