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FINANCIAL NEWS
Qatar’s domestic public debt drops by USD4b
25 Jul 2016
(MENAFN) Qatar’s total domestic public debt dropped by USD4 billion in the previous month recording USD 103.1 billion.
Moreover, Qatar banks’ investments in securities outside Qatar plunged by 6 billion during June, the Group noted in its detailed reading of the banks consolidated balance sheet for June.
Additionally, the banks’ assets (and liabilities) grew by USD219.5 million to reach USD323.4 million by the end of June as compared to USD323.2 million in May.
Government and public sector deposits rose by approximately 1.05 billion to 54.7 billion. The total domestic private sector deposits at the local banks increased to reach 92.4 billion.
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