Oct 30 (Reuters) - Money supply (M2) growth in Qatar
accelerated to 20.4 percent year-on-year at the end of September
from 16.9 percent in the previous month, central bank data
showed on Wednesday.
But total bank credit grew 13.0 percent on an annual basis
in September, the slowest clip since May 2011 and down from a
13.6 percent increase in the previous month.
Non-resident bank deposits fell 7.7 percent on an annual
basis and 23.4 percent month-on-month to 28.2 billion riyals
($7.8 billion), the lowest level since June 2012.
QATAR MONEY SUPPLY END-SEPT 13 END-AUG 13 END-SEPT 12
M1 change yr/yr (pct) 22.5 16.2 24.7
M2-M1 yr/yr 19.7 17.1 16.7
M2 change yr/yr 20.4 16.9 18.5
Total credit yr/yr 13.0 13.6 31.9
QATAR C.BANK NET FOREIGN RESERVES
bln riyals 141.5 130.7 134.4
change yr/yr (pct) 5.3 33.0 142.5
($1 = 3.64 Qatar riyals)
(Reporting by Martin Dokoupil; Editing by Andrew Torchia)
Keywords: QATAR MONEYSUPPLY/
(Martin.Dokoupil@thomsonreuters.com)(+971 4 362 5832)(Reuters Messaging: email@example.com)
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