Strong drop in Qatar's financial deposits



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This coincides with the Qatari government's urgent need for liquidity, which has seen successive drops in financial revenues, as one of the consequences of the Gulf boycott of Doha and the high cost of processing facilities for the World Cup. 2022.

And cut Saudi Arabia AndUnited Arab Emirates AndBahrain AndL & # 39; Egypt In June 2017, diplomatic relations and transmission lines with QatarBecause of Doha's support for terrorism.

A report released by the Central Bank of Qatar said Sunday that deposits Government of QatarTotal Qatari public sector deposits in domestic banks up to January 2018 amounted to RS 296.5 billion (US $ 81.5 billion).

On a monthly basis, Qatar's public sector deposits fell 282 billion riyals ($ 77.5 billion) last year, down $ 3.34 billion, according to official data.

Qatar ignored the liquidity crisis in the domestic market and accelerated the pace of its bond and bond funds US Treasury, Last December on an annual basis.

According to a recent report by the US Treasury Department, Qatar's investments in US bonds and bonds have increased to US $ 1.178 billion by the end of December 2018.

Qatar's investments in US bonds and bonds reached $ 301 million at the end of December 2017, according to the US Treasury report.

The lack of liquidity prompted government and private sector institutions, particularly banks, to issue debt (bonds, notes, sukuk) to provide liquidity to support their market operations.

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This coincides with the Qatari government's urgent need for liquidity, which has seen successive drops in financial revenues, as one of the consequences of the Gulf boycott of Doha and the high cost of processing facilities for the World Cup. 2022.

In June 2017, Saudi Arabia, the United Arab Emirates, Bahrain and Egypt broke off their diplomatic relations and their transport lines with Qatar because of Doha's support for terrorism.

The deposits of the Government of Qatar amounted to 269.8 billion riyals (74.16 billion dollars) at the end of January 2019. The Qatari public sector deposits in banks operating in the domestic market up to the end of the year. in January 2018 were about 296.5 billion rials (81.5 billion dollars).

On a monthly basis, Qatar's public sector deposits fell 282 billion riyals ($ 77.5 billion) last year, down $ 3.34 billion, according to official data.

Qatar ignored the lack of liquidity in the domestic market and increased its holdings of US bonds and treasuries last December on an annualized basis.

According to a report recently released by the US Treasury Department, Qatar's investments in US bonds have increased to $ 1.178 billion by the end of December 2018.

Qatar's investments in US bonds and bonds reached $ 301 million at the end of December 2017, according to the US Treasury report.

The lack of liquidity prompted government and private sector institutions, particularly banks, to issue debt (bonds, notes, sukuk) to provide liquidity to support their market operations.

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