SBP’s September FX purchases stand at $946m

MG News | December 31, 2024 at 10:41 AM GMT+05:00

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November 29, 2024 (MLN): The State Bank of Pakistan (SBP) has made a net FX purchase of $946 million during September 2024, down by $377m from a purchase of $569m in the previous month.

That takes the total SBP’s FX interventions in the interbank FX market during the last three months to $2.81 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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