SBP reserves fell by $70m in a week
MG News | September 07, 2023 at 06:14 PM GMT+05:00
September 07, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) diminished by $70 million or 0.89% WoW to $7.78 billion during the week ended on September 01, 2023, according to the data released by the central bank on Thursday.
The decline in reserves was due to debt repayment.
Similarly, the country's total reserves declined by $44.4m or 0.34% WoW to $13.13bn.
The reserves held by commercial banks rose by $25.6m or 0.48% WoW to $5.35bn.
| Foreign reserves held by | September 01, 2023 | August 25, 2023 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 7779.3 | 7849.3 | -70.00 | -0.89% |
| Net Foreign Reserves Held by Banks | 5347.4 | 5321.8 | 25.6 | 0.48% |
| Total Liquid Foreign Reserves | 13126.7 | 13171.1 | -44.4 | -0.34% |
Amount in USD Million
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