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FINANCIAL NEWS
Qatar contains USD340bn in reserves
10 Jul 2017
(MENAFN) Qatar has USD340bn in reserves involving holdings of its sovereign wealth fund which could help the nation to weather the isolation by its Arab neighbors.
Accordingly, the central bank has USD40bn in reserves plus gold, whereas the Qatar Investment Authority has USD300bn in reserves that it could settle.
However, Qatari stocks have weakened and the riyal has been volatile in the market since KSA, the UAE, Bahrain and Egypt cut diplomatic and transport ties with Qatar.
Moreover, the country has already had a good and unique system, while it has laws established against all these kinds of terrorists.
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MENAFN1007201700450000ID1095611356
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