QCB’s forex reserves rise 2.2% to $48.4bn in November: QNB

QCB’s forex reserves rise 2.2% to $48.4bn in November: QNB:

Qatar Central Bank’s foreign exchange reserves totalled $48.4bn in November, a 2.2% increase month-on-month, a new report by QNB has shown. 

This, QNB said, equates to 8.7 months of import cover.

The country’s crude oil production marginally ticked down to 599,000 barrels per day (bpd) in November from 609,000bpd in October, QNB said in its latest ‘Qatar Monthly Monitor’.