Qatar’s international reserves up 5.2% to reach $68bn, central bank reveals

RIYADH: Qatar’s international reserves increased by 5.2 percent annually to 247.4 billion Qatari riyals ($67.94 billion) in March, despite a decrease in balances held in foreign banks.  

Official reserves of the Qatar Central Bank were 11.34 billion riyals higher at the end of the third month of the year compared to March 2023, according to the country’s official news agency.

This increase came against a backdrop of balances held in foreign banks see a year-on-year decline of 10.77 billion riyals.