SBP reserves diminished by $81.2m in a week

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MG News | August 31, 2023 at 08:06 PM GMT+05:00

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August 31, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $81.2 million or 1.02% WoW to $7.85 billion during the week ended on August 25, 2023, according to the data released by the central bank on Thursday.

Similarly, the country's total reserves decreased by $77.3m or 0.58% WoW to $13.17bn.

The reserves held by commercial banks rose by $3.9m or 0.07% WoW to $5.32bn.

Summary of Holding and Weekly Change

Foreign reserves held by August 25, 2023 August 18, 2023 Change % Change
State Bank of Pakistan 7849.3 7930.5 -81.20 -1.02%
Net Foreign Reserves Held by Banks 5321.8 5317.9 3.9 0.07%
Total Liquid Foreign Reserves 13171.1 13248.4 -77.3 -0.58%

Amount in USD Million

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