SBP reserves diminished by $124.8m in a week

MG News | August 24, 2023 at 06:44 PM GMT+05:00

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August 24, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $124.8 million or 1.55% WoW to $7.93 billion during the week ended on August 18, 2023, according to the data released by the central bank on Thursday.

The decline was due to debt repayments.

Similarly, the country's total reserves diminished by $130.6m or 0.98% WoW to $13.25bn.

The reserves held by commercial banks fell by $5.8m or 0.11% WoW to $5.32bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	August 18, 2023	August 11, 2023	Change	% Change
State Bank of Pakistan	7930.5	8055.3	-124.80	-1.55%
Net Foreign Reserves Held by Banks	5317.9	5323.7	-5.8	-0.11%
Total Liquid Foreign Reserves	13248.4	13379	-130.6	-0.98%

Amount in USD Million

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