SBP reserves decrease by 541m in a week

By MG News | July 27, 2023 at 08:35 PM GMT+05:00

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July 27, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $541.1 million or 6.2% WoW to $8.19 billion during the week ended on July 21, 2023, according to the data released by the central bank on Thursday.

The decrease was mainly due to external debt payments.

Similarly, the country's total reserves decreased by $531.2m or 3.78% WoW to $13.53bn.

The reserves held by commercial banks rose by $9.9m or 0.19% WoW to $5.35bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	July 21, 2023	July 14, 2023	Change	% Change
State Bank of Pakistan	8186.1	8727.2	-541.10	-6.2%
Net Foreign Reserves Held by Banks	5348	5338.1	9.9	0.19%
Total Liquid Foreign Reserves	13534.1	14065.3	-531.2	-3.78%

Amount in USD Million

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