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Qatar C.bank’s foreign reserves total QAR 136.9bn in December

Qatar C.bank’s foreign reserves total QAR 136.9bn in December
Qatar’s foreign reserves in 2017 registered a decline of 13.6% on an annual basis

Mubasher: The Central Bank of Qatar (CBQ) registered an increase in the foreign reserves to QAR 136.93 billion in the fourth quarter of 2017.

This amount represents a growth of 5.7% or QAR 7.33 billion when compared to QAR 129.60 billion ($35.60 billion) in the previous quarter ended in September.

On a monthly basis, the CBQ’s liquidity and foreign reserves rose by 1.8% when compared to QAR 134.46 billion in November.

Meanwhile, Qatar’s foreign reserves in 2017 registered a decline of 13.6% on an annual basis; the central bank’s foreign reserves stood at QAR 158.51 billion in December 2016.

This drop in 2017 was impacted by the rift in the region after four countries have boycotted Qatar since June.