Qatar’s international reserves rise 0.46% to QR262.3 billion in September

Qatar's international reserves increased by 0.46% year-on-year to QR262.279 billion at the end of September 2026, according to the Qatar Central Bank (QCB). The rise was primarily driven by stronger gold holdings and substantial increases in balances with foreign banks, which offset a decline in foreign bonds and treasury bills holdings.

The country's official reserves rose by QR21.888 billion, or 10.85%, to reach QR223.447 billion at the end of September 2026, compared to QR201.559 billion in the same period last year. Despite a decline in foreign securities holdings by QR44.599 billion, the increase in gold holdings and balances with foreign banks significantly bolstered the official reserve position.

Gold holdings increased by QR4.378 billion, reaching QR56.408 billion at the end of September 2026, while balances with foreign banks rose by QR62.153 billion, reaching QR73.554 billion. The substantial growth in these key components helped strengthen the overall reserve position, even with the reduction in foreign bonds and treasury bills holdings.

The broader measure of international reserves and foreign currency liquidity, which includes foreign-currency deposits, also increased, reflecting Qatar's solid external reserve position. The rise in official reserves and international reserves provides a strong indication of the country's capacity to meet international financial obligations and support confidence in its economy.

Qatar continues to maintain a robust external financial position, driven by hydrocarbon revenues, diversified economic activity, and prudent management of financial assets. The latest figures underscore the country's continued financial strength amidst ongoing global economic developments.