(MENAFN) Qatar Central Bank's net global reserves reached QR113.9bn last year, while reserves were adequate, based on global measures of reserve adequacy.
Moreover, foreign currency reserves must be sufficient to comprise 100 percent of reserve money and cover three months of import of goods and services.
Last year, money supply as showed by narrow money (M1) decelerated as compared to the previous year reflecting deceleration in growth of demand deposits.
The growth in M0 as against the fall in M2 was reflected in the moderation in broad money multiplier to nine at the end of last year.
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