Foreign exchange: SBP’s reserves down 2.19% week-on-week
SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.19% on a weekly basis on August 11, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $396 million to $17,664 million compared to $18,061 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 $22,595.1 million while net reserves held by banks amounted to $4,930.9 million.
Four weeks ago, SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million from multilateral, bilateral and other official sources that included.
Published in The Express Tribune, August 12th, 2016.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.19% on a weekly basis on August 11, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased $396 million to $17,664 million compared to $18,061 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 $22,595.1 million while net reserves held by banks amounted to $4,930.9 million.
Four weeks ago, SBP-held reserves increased 7.8% on a weekly basis after it received $1,340 million from multilateral, bilateral and other official sources that included.
Published in The Express Tribune, August 12th, 2016.