Fx reserves decline by around $351mn in a week

MG News | March 03, 2022 at 09:19 PM GMT+05:00

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March 03, 2022 (MLN): The total liquid foreign exchange reserves held by the country dropped by $350.9 million or 1.51% WoW to stand at $22.87 billion during the week ended on February 25, 2022, compared to $23.22bn 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 $344mn or 2.04% WoW to $16.46bn.

Similarly, the reserves of commercial banks inched down by $6.7mn or 0.1% WoW to $6.41bn from $6.42bn in the previous week.

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