Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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SBP Reserves decrease by $ 887 million

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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.

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.

Posted on: 2017-12-07T19:17:00+05:00