Foreign exchange SBP reserves jump $166m to $12.76b

Liquid foreign currency reserves held by the country, including net reserves held by banks, stood at $18,869 million

KARACHI: The foreign exchange reserves held by the central bank increased 1.32% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.

On February 28, the foreign currency reserves held by the SBP were recorded at $12,757.5 million, up $166 million compared with $12,591.5 million in the previous week. The central bank cited no reason for the increase in reserves.

Overall, liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $18,869 million. Net reserves held by banks amounted to $6,111.5 million.

Published in The Express Tribune, March 6^th, 2020.

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