Qatar's Central Bank is seen in Doha in this general view taken November 9, 2011. REUTERS/Mohammed Dabbous
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Qatar has $340 billion in reserves that could help the Gulf country weather the isolation by its powerful Arab neighbors, central bank Gov. Sheikh Abdullah bin Saud al-Thani said.Sheikh Abdullah said the central bank has $40 billion in reserves plus gold, while the Qatar Investment Authority sovereign wealth fund has $300 billion in reserves that it could liquidate.Sheikh Abdullah said while the central bank has noticed fund outflows from some nonresidents, the amounts weren't particularly significant. An amount of less than $6 billion left Qatar over the last month, he said. Qatar's banking sector still has significant dependence on foreign funding.
FOLLOW THIS ARTICLE