SBP Reserves decrease by $ 334 million

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.

Posted on: 2017-12-21T17:26:00+05:00