Foreign exchange: Reserves down $72m week-on-week

SBP’s liquid foreign exchange reserves decreased by $72 million to $15,752 million compared to $15,824 million in the previous week. The decrease was due to payments of $83 million on account of external debt servicing.

Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,689.7 million while net reserves held by banks amounted to $4,937.4 million.

Last month, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF.

The SBP received $918 million in November from multilateral, bilateral and other official sources, which include $500 million received from the World Bank and $400 million from the Asian Development Bank.