Foreign reserve: SBP’s reserves increase 0.52%, amount to $14.76b
Net reserves held by banks amounted to $5,826.8 million
PHOTO: EXPRESS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.52% on a weekly basis, according to data released by the central bank on Thursday.
On August 7, the foreign currency reserves held by the central bank were recorded at $14,758.4 million, up $77 million or 0.52%, compared to $14,681 million in the previous week, according to the central bank.
Foreign exchange: SBP's reserves continue to decline, stand at $14.31b
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,585.2 million. Net reserves held by banks amounted to $5,826.8 million.
More than a month ago, foreign currency reserves increased due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.
Published in The Express Tribune, September 15th, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 0.52% on a weekly basis, according to data released by the central bank on Thursday.
On August 7, the foreign currency reserves held by the central bank were recorded at $14,758.4 million, up $77 million or 0.52%, compared to $14,681 million in the previous week, according to the central bank.
Foreign exchange: SBP's reserves continue to decline, stand at $14.31b
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $20,585.2 million. Net reserves held by banks amounted to $5,826.8 million.
More than a month ago, foreign currency reserves increased due to official inflows including $622 million from the Asian Development Bank (ADB) and $106 million from the World Bank.
Published in The Express Tribune, September 15th, 2017.