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Print 2020-05-29
Forex reserves down $20m
The country's total liquid foreign exchange reserves declined by $20 million during last week. According to the State Bank of Pakistan (SBP), total liquid foreign exchange reserves stood at $18.598 billion as on May 21, 2020 compared to $18.618 billion on
The country's total liquid foreign exchange reserves declined by $20 million during last week. According to the State Bank of Pakistan (SBP), total liquid foreign exchange reserves stood at $18.598 billion as on May 21, 2020 compared to $18.618 billion on May 15, 2020.
During the week, the SBP's reserves decreased by $ 55 million to $ 12.074 billion due to external debt repayments. However, net foreign reserves held by commercial banks increased by $55 million to $ 6.524 billion at the end of last week.
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