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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Qatar’s first current account deficit since 1998 ‘poses little risk’

Posted on 30 May 2016

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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