Qatar Central Bank FX Holdings Cushioned by IMF Accounting Tip - Bloomberg

Qatar Central Bank FX Holdings Cushioned by IMF Accounting Tip - Bloomberg:

"Qatar’s central bank has added the equivalent of about $19 billion of previously unreported foreign-currency assets to its total reserves in August based on an International Monetary Fund recommendation, a move that help offset the impact of the Saudi-led embargo.

By adding “other liquid assets in foreign currencies,” the central bank’s total holdings show a decline of 15 percent to 141.84 billion riyals ($39 billion) compared with May, a month before Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic and transport links with Qatar. Total holdings under the previous method referred only to net international reserves, which have dropped more than 40 percent in the same period to $19.8 billion, the data show."



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