Inflated: Forex records 1% increase
SBP’s liquid foreign exchange reserves increased by $110 million to $10,359 million
Pakistan’s foreign exchange reserves recorded a rapid rise in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources. PHOTO: REUTERS
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1% on a weekly basis on January 30, according to data released by the central bank on Friday.
SBP’s liquid foreign exchange reserves increased by $110 million to $10,359 million compared to $10,249 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 $15,159.2 million while net foreign reserves held by banks amounted to $4,800.3 million.
Pakistan’s foreign exchange reserves recorded a rapid rise in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources.
This was preceded by another 10.6% weekly rise in the SBP’s liquid foreign reserves in the same month.
Published in The Express Tribune, February 7th, 2015.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased 1% on a weekly basis on January 30, according to data released by the central bank on Friday.
SBP’s liquid foreign exchange reserves increased by $110 million to $10,359 million compared to $10,249 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 $15,159.2 million while net foreign reserves held by banks amounted to $4,800.3 million.
Pakistan’s foreign exchange reserves recorded a rapid rise in the last month of 2014 when the SBP received $1,221 million from multilateral, bilateral and other sources.
This was preceded by another 10.6% weekly rise in the SBP’s liquid foreign reserves in the same month.
Published in The Express Tribune, February 7th, 2015.