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QNB expects further rise in Qatar’s foreign reserves in 2014

: Wednesday, February 12 - 2014 @ 06:45

Qatar National Bank (QNB) has said the country’s international reserves rose by $9bn to $42.1bn at the end of 2013, compared with the previous year, reflecting a strong current account surplus and lower capital outflows, the Peninsula has reported. The current account surplus is expected to have registered a strong surplus due to large hydrocarbon exports offsetting growing imports, the lender said. Going forward, international reserves are expected to continue rising gradually in 2014, QNB said.

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Wednesday, February 12- 2014 @ 6:45 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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