SBP Reserves decrease by $ 334 million

MG News | December 21, 2017 at 05:26 PM GMT+05:00

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The total liquid foreign reserves held by the country stood at US $ 20,383.4 million on 15 December 2017. The break-up of the foreign reserves position is as under:-

Reserves Position
Foreign reserves held by	15 Dec, 2018	08 Dec, 2017	Change	% Change
State Bank of Pakistan	14,332.2	14,666.3	-334.10	-2.28%
Net Foreign Reserves Held by Banks	6,051.2	6,020.4	30.80	0.51%
Total Liquid Foreign Reserves	20,383.4	20,686.7	-303.30	-1.47%

During the week ending 15 December 2017, SBP’s reserves decreased by US $ 334 million to US $ 14,332 million. The decrease in reserves is due to payments on account of external debt servicing and other official outflows.

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