Foreign exchange: SBP reserves down by $298m to $17.86b

KARACHI: The foreign exchange reserves held by the central bank fell 1.64 % during the week ending on December 24, according to the data released by the State Bank of Pakistan (SBP) on Thursday.

Sharing a break-up of the foreign reserves position, the central bank said that foreign currency reserves held by the SBP were recorded at $17,855.3 million, down $298 million compared with $18,153 million on December 24.

The central bank gave no reason behind the decrease.

Total liquid foreign #reserves held by the country stood at US$ 24.27 billion as of December 24, 2021. For details: https://t.co/WpSgomnd3v pic.twitter.com/zoXreguPSu

— SBP (@StateBank_Pak) December 30, 2021

The SBP said that overall liquid foreign currency reserves held by the country, including net reserves held by banks other than the SBP, stood at $24,273 million.

Net reserves held by banks amounted to $6,418.3 million, said the central bank in a statement.