SBP reserves rise $29m to $11.29bn
MG News | November 21, 2024 at 06:41 PM GMT+05:00
November 21, 2024 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $29.4 million or 0.26% WoW to $11.29 billion during the week ended on November 15, 2024, data released by State Bank of Pakistan showed on Thursday.
The country's total reserves inched up by $2.2m or 0.01% WoW to $15.97bn.
That was because the reserves held by commercial banks fell by $27.2m or 0.58% WoW to $4.68bn.
In the current fiscal year, SBP-held reserves have increased by $1.9bn or 20.22%.
Meanwhile, the current calendar year has seen an increase of $3.07bn or 37.3%.
| Foreign reserves held by | November 15, 2024 | November 08, 2024 | Change | % Change |
|---|---|---|---|---|
| State Bank of Pakistan | 11,288.0 | 11,258.6 | 29.4 | 0.26% |
| Net Foreign Reserves Held by Banks | 4,679.7 | 4,706.9 | -27.2 | -0.58% |
| Total Liquid Foreign Reserves | 15,967.7 | 15,965.5 | 2.2 | 0.01% |
Amount in USD Million
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