Mubasher: Qatar’s domestic liquidity rose 4% year-on-year in August, according to data released by Qatar Central Bank's (QCB) on Sunday.
Money supply (M2) reached QAR 581.4 billion ($159.7 billion) in last month, from QAR 559.1 billion ($154 billion) in August 2017.
It is worth noting that M2 includes accounts, timed deposits, and savings accounts.
Compared to July, the Gulf country’s domestic liquidity declined 1.1% from QAR 588 billion ($161.5 billion), the data showed.
By the end of August, deposits in foreign currencies recorded QAR 211.8 billion, while time deposits reached QAR 242.3 billion.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
