FX reserves dip to $24.27bn in a week

MG News | December 30, 2021 at 05:08 PM GMT+05:00

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December 30, 2021 (MLN): The foreign exchange reserves held by the country dipped by 1% WoW to stand at $24.27 billion during the week ended on December 24, 2021, compared to $24.63 billion in the previous week, weekly data released by the State Bank of Pakistan (SBP) showed on Thursday.

The reserves held by the central bank during the week decreased by $298million to $17.855 billion, mainly due to external debt repayment. Likewise, the reserves of commercial banks dropped by 1% WoW to $6.42 billion from $6.48 billion in the previous week.

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