Foreign exchange: SBP’s reserves remain almost flat week-on-week
Total liquid foreign reserves held by the country stood at $20,779.8 million
PHOTO: REUTERS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on April 15, according to data released by the central bank on Thursday.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,779.8 million while net reserves held by banks amounted to $4,752.6 million. SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1 after the central bank received $978 million during the week from multilateral, bilateral and other official sources.
Published in The Express Tribune, April 22nd, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) remained almost flat on a weekly basis on April 15, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $14 million to $16,027 million compared to $16,041 million in the previous week. The SBP made payments of $178 million on account of external debt servicing and other official payments during the week. The SBP received $223.6 million from the United States under the Coalition Support Fund (CSF) over the same seven-day period.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,779.8 million while net reserves held by banks amounted to $4,752.6 million. SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1 after the central bank received $978 million during the week from multilateral, bilateral and other official sources.
Published in The Express Tribune, April 22nd, 2016.