QCB reserves 'remains high'; economic diversification to sustain robust growth: EIU

QCB reserves 'remains high'; economic diversification to sustain robust growth: EIU:

Reserves at the Qatar Central Banks “remains high” although annual average oil prices are forecast to fall in 2019, Economist Intelligence Unit (EIU) has said in an overview.

The QCB reserves will take care of the country’s repayment obligations, the EIU noted.

According to the EIU, the "threat of capital outflows in the wake of the regional blockade has largely subsided" with the recovery and subsequent stabilisation of foreign reserves and the return to a current-account surplus in 2018.