Foreign exchange: SBP’s reserves continue to drop, stand at $13.85b
In January, SBP made $500-million loan repayment to State Administration of Foreign Exchange (SAFE), China
State Bank of Pakistan. PHOTO: STATE BANK OF PAKISTAN
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) continued their downward trend, decreasing 0.68% on a weekly basis, according to data released by the central bank on Thursday.
On October 27, foreign currency reserves held by the central bank were recorded at $13,846.7 million, down $94.9 million or 0.68% compared to $13,941.6 million in the previous week, according to the central bank.
Foreign exchange: SBP’s reserves continue to decrease, now stand at $14.13b
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,842.8 million. Net reserves held by banks amounted to $5,996.1 million. The decrease in reserves was attributed to payments on account of external debt servicing.
In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, November 3rd, 2017.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) continued their downward trend, decreasing 0.68% on a weekly basis, according to data released by the central bank on Thursday.
On October 27, foreign currency reserves held by the central bank were recorded at $13,846.7 million, down $94.9 million or 0.68% compared to $13,941.6 million in the previous week, according to the central bank.
Foreign exchange: SBP’s reserves continue to decrease, now stand at $14.13b
Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $19,842.8 million. Net reserves held by banks amounted to $5,996.1 million. The decrease in reserves was attributed to payments on account of external debt servicing.
In January, the SBP made a $500-million loan repayment to the State Administration of Foreign Exchange (SAFE), China.
Published in The Express Tribune, November 3rd, 2017.