Qatar’s international reserves surge by 4.91% to $67.69bn

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Mon, 2024-03-11 12:46

RIYADH: Qatar’s international reserves increased by 4.91 percent annually to 246.49 billion Qatari riyals ($67.69 billion) in February, driven by higher balances in foreign banks.

According to the country’s official news agency, balances held in foreign banks saw an increase of about 6.81 billion riyals, reaching 19.03 billion riyals by the end of February 2024 compared to the same period in 2023.

Moreover, official reserves by the end of the second month of 2024 also witnessed a significant uptick, amounting to 187.55 billion riyals. 

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