SBP reserves diminished by $124.8m in a week
MG News | August 24, 2023 at 06:44 PM GMT+05:00
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.
| 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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