SBP Reserves decrease by $ 887 million

MG News | December 07, 2017 at 07:17 PM GMT+05:00

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The total liquid foreign reserves held by the country stood at US$18,744.9 million on 30November2017.The break-up of the foreign reserves position is as under:-

The break-up of the foreign reserves position is as under:-

Reserves Position
Foreign reserves held by	30 Nov. 2017	24 Nov, 2017	Change	% Change
State Bank of Pakistan	12,660.5	13,547.30	-886.80	-6.55%
Net Foreign Reserves Held by Banks	6,084.4	6,145.90	-61.50	-1.00%
Total Liquid Foreign Reserves	18,744.9	19,693.20	-948.30	-4.82%

During the week ending 30 November 2017, SBP’s reserves decreased by US $ 887 million to US $ 12,660.5 million, due to external debt and other official payments.

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Furthermore, SBP has received US $ 2,500.0 million on 05 December 2017 as proceeds from Pakistan Sovereign bonds and Pakistan International Sukuk, after which SBP’s reserves stood at US$14,883.1 million, and total liquid foreign reserves at US $ 20,986.4 million.

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