Qatars domestic liquidity rises 4% in August QCB

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

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