SBP’s December FX intervention stands at $536m

MG News | March 24, 2025 at 05:09 PM GMT+05:00

0:00

March 24, 2025 (MLN): The State Bank of Pakistan (SBP) has made a net FX purchase of $536 million during December 2024, down by $615m from a purchase of $1.15bn in the previous month.

That takes the total SBP’s FX interventions in the interbank FX market during the last seven months to $5.52bn.

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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