SBP reserves decreased by $110.4m in a week
MG News | August 10, 2023 at 06:35 PM GMT+05:00
August 10, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $110.4 million or 1.35% WoW to $8.04 billion during the week ended on August 04, 2023, according to the data released by the central bank on Thursday.
The decrease in SBP reserves was due to debt repayments.
Similarly, the country's total reserves fell by $124.6m or 0.93% WoW to $13.34bn.
The reserves held by commercial banks decreased by $14.2m or 0.27% WoW to $5.3bn.
| Foreign reserves held by | August 04, 2023 | July 27, 2023 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 8043.4 | 8153.8 | -110.40 | -1.35% |
| Net Foreign Reserves Held by Banks | 5295.7 | 5309.9 | -14.2 | -0.27% |
| Total Liquid Foreign Reserves | 13339.1 | 13463.7 | -124.6 | -0.93% |
Amount in USD Million
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