Qatar News Agency (QNA), citing data released by Qatar Central Bank (QCB) on Thursday, October 8, reported that Qatar’s international reserves and foreign-currency liquidity reached QAR262.279 billion at the end of September 2026. The broad total was 0.46 percent higher than QAR261.061 billion in September 2025. QNA separately reported official reserves of QAR223.447 billion at September-end, up 10.85 percent from a year earlier. These figures describe different scopes; they are not interchangeable readings of the same reserve measure. The broader headline explicitly combines international reserves with foreign-currency liquidity.

In its report, QNA listed foreign bonds and treasury bills, cash balances held with foreign banks, gold holdings, deposits of Special Drawing Rights (SDRs) with the International Monetary Fund (IMF), and Qatar’s IMF share among the components of official reserves. It also said that other liquid foreign-currency assets are included. QNA described these components together as constituting total international reserves. That definition is important when reading the QAR262.279 billion headline: it should not be treated as a synonym for the narrower official-reserves figure, and the liquidity wording is part of the reported broad total.

QCB holdings of foreign bonds and treasury bills were reported at QAR88.280 billion, down QAR44.599 billion year on year. Gold reserves stood at QAR56.408 billion, compared with QAR52.030 billion a year earlier; QNA reported an annual increase of QAR4.378 billion. Balances held with foreign banks were QAR73.554 billion, an increase of QAR62.153 billion from a year earlier. These are separately reported components attributed by the agency to QCB data. They do not, by themselves, describe portfolio returns or signal a new policy decision, and the report does not give a transaction-by-transaction account of the changes.

QNA also said deposits related to Qatar’s IMF SDR allocation amounted to QAR5.203 billion at September-end, down QAR45 million year on year. An SDR is an international reserve asset created by the IMF; it is not the Qatari currency or a cash balance converted at a particular exchange rate. Adding the four component amounts stated in the report—bonds and treasury bills, gold, foreign-bank balances and SDR deposits—gives QAR223.445 billion. That is QAR0.002 billion below QNA’s separately reported official-reserves total of QAR223.447 billion. The source does not explain the difference. Rounding may be a possible explanation, but QNA does not say so, and no missing component is inferred here.

The reported percentage changes are year-on-year comparisons, not month-on-month movements. The 0.46 percent rise in the broad total alongside the 10.85 percent rise in official reserves underscores that the two measures have different scopes and component movements. The figures alone do not establish a change in reserve policy, predict future foreign-currency liquidity or show a trading strategy for any asset class. QNA attributes the figures to QCB data; this report does not claim an independent audit. Reading the September-end position requires keeping the broad total and the narrower official-reserves measure distinct and using the definitions reported by the agency.