SBP’s August FX purchases stand at $569M

MG News | November 29, 2024 at 08:44 PM GMT+05:00

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November 29, 2024 (MLN): The State Bank of Pakistan (SBP) has made a net FX purchase of $569 million during August 2024, down by $153m from a purchase of $722m in the previous month.

That takes the total SBP’s FX interventions in the interbank FX market during the last three months to $1.86 billion.

To note, net FX intervention is defined as outright and swap purchases of foreign exchange minus outright and swap sales of foreign exchange by the SBP from/to banks in the Interbank foreign exchange market.

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