SBP’s reserves fall 2.23%, amount to $16.05b
Two weeks ago, the SBP received multilateral inflows of $317 million
PHOTO: EXPRESS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.23% on a weekly basis, according to data released on Thursday.
On April 21, the foreign currency reserves held by the central bank were recorded at $16,050.1 million, decreasing $366 million or 2.23%, compared to $16,416.1 million in the previous week, according to the central bank.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,150.8 million. Net reserves held by banks amounted to $5,100.7 million. The decrease in reserves has been attributed to external debt servicing and other official payments. Two weeks ago, the SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.
Published in The Express Tribune, April 28th, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.23% on a weekly basis, according to data released on Thursday.
On April 21, the foreign currency reserves held by the central bank were recorded at $16,050.1 million, decreasing $366 million or 2.23%, compared to $16,416.1 million in the previous week, according to the central bank.
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $21,150.8 million. Net reserves held by banks amounted to $5,100.7 million. The decrease in reserves has been attributed to external debt servicing and other official payments. Two weeks ago, the SBP received multilateral inflows of $317 million and made payments of $118 million on account of external debt servicing and other official payments.
Published in The Express Tribune, April 28th, 2017.