Foreign exchange: SBP reserves down to $14.821 billion
SBP’s liquid foreign exchange reserves decreased by $97 million to $14,821 million compared to $14,918 million
PHOTO: AFP
KARACHI:
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.6% on a weekly basis on October 30, according to data released by the central bank on Thursday.
Published in The Express Tribune, November 6th, 2015.
Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.6% on a weekly basis on October 30, according to data released by the central bank on Thursday.
SBP’s liquid foreign exchange reserves decreased by $97 million to $14,821 million compared to $14,918 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 $19,811.6 million while net reserves held by banks amounted to $4,990.8 million.
Three weeks ago, SBP-held reserves increased 13.4%, or $1,794 million, after the central bank received $505 million from the International Monetary Fund (IMF), $500 million as proceeds of the Pakistan International Bonds, $376 million under the Coalition Support Fund (CSF) and $263 million as syndicate financing for the government.
Published in The Express Tribune, November 6th, 2015.