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FINANCIAL NEWS
Qatar’s money supply recovers in Q4
08 Feb 2015
(MENAFN) Qatar’s total money supply (M1) recovered by USD34.03 billion, or 4.2 percent, after a reduction in the third quarter of 2014, The Peninsula Qatar reported.
M1 processes the most fluid constituents of the money supply, as it includes cash and assets that can easily be converted to currency.
Qatar’s average money supply (M2) continued to grow by 3.06 percent to USD138.3 billion compared to the third quarter. M2 grew by 4.34 percent in the final quarter of 2014 over the first quarter of 2014.
M2 contains saving deposits, which are less fluid and not as appropriate as exchange medium, but can be quickly converted into cash and checking deposits.
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