Qatar’s reserves grew 18.82 per cent year-on-year in July, setting a new record.
According to data released by the Central Bank of Qatar today, the value of reserve assets amounted to 196.169 billion riyals ($53.92 billion) as of July.
Reserve assets rose from 165.091 billion riyals ($45.38 billion) in July 2018.
The rise is the 17th in a row since March 2018.
On a monthly basis, reserve assets grew 0.8 per cent, up from 194.602 billion riyals ($53.49 billion) in June.
Qatar’s reserve assets consist of gold, balances with foreign banks, foreign bonds and treasury bills, IMF SDR deposits and other foreign currency liquid assets.