QCB foreign exchange reserves rise 0.75% to QR262.24 bn in August
QNADoha International reserves and foreign currency liquidity at the Qatar Central Bank (QCB) increased 0.75 percent year-on-year in August 2026, reaching QR262.240 billion, compar...
The Qatar Central Bank (QCB) reported a 0.75% year-on-year increase in foreign exchange reserves to QR262.240 billion in August 2026, up from QR260.282 billion in the same period last year. This surge in reserves is largely attributed to a notable 9.7% rise in official international reserves, which grew by QR19.663 billion to reach QR220.515 billion.
The increase was driven by a significant jump in gold holdings and balances with foreign banks, while the value of Qatar's gold reserves alone climbed by nearly QR13.604 billion to QR60.087 billion. Additionally, the balances with foreign banks surged by approximately QR48.831 billion to QR62.763 billion. Despite this overall growth, the country's holdings of Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) saw a slight decline, falling by around QR13 million to QR5.230 billion.
Meanwhile, the balance of foreign bonds and treasury bills decreased by around QR42.761 billion to QR92.433 billion. Official international reserves, which include various components such as foreign bonds, foreign bank balances, gold holdings, SDR deposits, and the IMF quota, collectively bolster Qatar's external liquidity position.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
