Qatar's first current account deficit since 1998 “poses little risks” to the country's external balance and currency peg to the dollar, said a senior economist, who noted that the country has “enough financial buffers” to meet its immediate needs. Doha has very large foreign reserves available to cover short-term shortages and protect the peg if needed, reinforced by the $256bn held by the country's sovereign wealth fund at the end of 2015.
On top of it, the country's sovereign wealth fund held $256bn at the end of 2015, according to the Sovereign Wealth Fund Institute. “Over the past three months, market sentiment towards the country's external sustainability has improved,” BMI Research said...............................................Full Article: Source
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