Foreign exchange: SBP’s reserves decrease 0.52% week-on-week
SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1
PHOTO: REUTERS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.52% on a weekly basis on April 29, according to data released by the central bank on Thursday.
decreased $84 million to $15,905 million compared to $15,989 million in the previous week.
Two months ago, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF.
Published in The Express Tribune, May 6th, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.52% on a weekly basis on April 29, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves
decreased $84 million to $15,905 million compared to $15,989 million in the previous week.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,787.8 million while net reserves held by banks amounted to $4,883 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.
Two months ago, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis after it received $500 million from the IMF.
Published in The Express Tribune, May 6th, 2016.