SBP reserves decreased by $172.5m in a week
MG News | February 09, 2024 at 06:59 PM GMT+05:00
February 09, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $172.5 million or 2.1% WoW to $8.04 billion during the week ended on February 02, 2024, according to the data released by the central bank on Friday.
During the week, SBP’s reserves decreased due to debt repayments, the central bank said.
Similarly, the country's total reserves decreased by $164.9m or 1.24% WoW to $13.1bn.
The reserves held by commercial banks rose by $7.6m or 0.15% WoW to $5.05bn.
In the current fiscal year, total liquid foreign reserves have increased by $3.94bn or 42.99%.
Meanwhile, the current calendar year has seen a decrease of $0.12bn or 0.93%.
| Foreign reserves held by | February 02, 2024 | January 26, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 8044 | 8216.5 | -172.50 | -2.1% |
| Net Foreign Reserves Held by Banks | 5053.6 | 5046 | 7.6 | 0.15% |
| Total Liquid Foreign Reserves | 13097.6 | 13262.5 | -164.9 | -1.24% |
Amount in USD Million
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