Qatar central bank says country has $340bn in reserves

News Qatar -Gulf Crisis
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  • Qatar has $340bn in reserves including holdings of its sovereign wealth fund that could help the Gulf country
    to weather the isolation by its powerful Arab neighbours, central bank governor Sheikh Abdullah bin Saoud Al Thani told CNBC.
  • “This is the credibility of our system, we have enough cash to preserve any…kind of shock,” he said.
  • Al Thani said the central bank has $40bn in reserves plus gold, while the Qatar
    Investment Authority has $300bn in reserves that it could liquidate.
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