FX reserves dipped by $377mn in a week

MG News | April 28, 2022 at 10:02 PM GMT+05:00

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April 28, 2022 (MLN): The total liquid foreign exchange reserves held by the country dipped by $377 million or 2.2% WoW to stand at $16.67bn as of the week ended on April 23, 2022, compared to $17bn in the previous week, weekly data released by the State Bank of Pakistan (SBP) on Thursday showed.

The data further revealed that reserves held by the central bank during the week declined by $328 million or 3% WoW to clock in at $10.6bn.

Similarly, the reserves of commercial banks went down by $49mn or 0.8% WoW to $6.1bn.

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