SBP reserves decrease by 541m in a week
MG News | July 27, 2023 at 08:35 PM GMT+05:00
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.
| 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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