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

February 12, 2014 6:45 am

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.